National Health Investors, Inc.

Symbol: NHI
CIK: 877860
Exchange: NYSE
Founded: 1991 (28 years)
HQ: Murfreesboro, TN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Health Care

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See NHI on SEC.gov

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Overall Score: 8.4

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Hightlights of Trading Day October 18, 2019


Open Price: $83.58
Closing Price: $84.29
Price Change: 0.72 (0.862%)
Lowest Price: $83.34
Highest Price: $84.35

52-Week Low: $72.15
52-Week High: $84.75
52-Week Change: 15.96%

5 Day Price Change: 0.93%
1 Month Price Change: 1.05%
3 Month Price Change: 4.63%
6 Month Price Change: 11.40%
YTD Price Change: 12.86%
1 Year Price Change: 14.97%
2 Year Price Change: 7.93%
5 Year Price Change: 37.20%

Dividend of Trading Day October 18, 2019


Dividend Yield: 4.983%*
Annualized Dividend: $4.2*
Dividend Yield (TTM): 4.864%
Annualized Dividend (TTM): $4.1
Ex Dividend Date: 2019-09-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $4,659,000
Current Debt: $1,187,000
Revenue: $294,448,000
Gross Profit: $223,099,000
Total Revenue: $294,448,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $275,620,000
Revenue Per Share: $7
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 0.92
Profit Margin: 0.52%
Enterprise Value (EV): $4,867,306,800
Enterprise Value to Revenue (EV/R): 16.53
Price to Sales (P/S): 12.19
Price to Book (P/B): 2.58
Peg Ratio: 20.88
P/E Ratio: 23.38
P/E High: 23.61
P/E Low: 19.65
Forward P/E Ratio: 22.62
Market Capitalization: $3,654,898,690
Beta: 0.33
Latest Volume: 154,220.00
Avg. Total Volume: 192,973
Avg. 10 Volume: 168,961.70
Avg. 30 Volume: 192,973.07
TTM EPS: 3.60
TTM Dividend Rate: 4.10
Shares Outstanding: 43,361,000
Float: 41,674,734.07
50-Day Moving Avg.: 82.81
200-Day Moving Avg.: 79.82

Latest REIT Community Comments on #NHI


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Properties Owned by NHI


Properties owned:
243
Types:
1
States:
34
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
NHI Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by NHI, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 5,635,000 5,177,000 4,659,000 2,638,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 19,160,000 0 0 0
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 16,331,000 33,732,000 13,837,000 24,608,000
Net Tangible Assets 1,419,045,000 1,415,984,000 1,389,713,000 1,363,400,000
Total Assets 2,997,381,000 2,806,268,000 2,750,570,000 2,671,009,000
Accounts Payable 0 0 0 0
Liabilities (Other) 95,270,000 92,441,000 68,544,000 87,474,000
Current Liabilities (Other) 45,525,000 45,359,000 42,700,000 42,231,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,208,000 1,196,000 1,187,000 1,176,000
Long-term Debt 1,470,579,000 1,286,009,000 1,280,488,000 1,218,959,000
Total Liabilities 1,577,695,000 1,390,284,000 1,360,857,000 1,307,609,000
Minority Interest -1,000 0 0 0
Common Stock 434,000 432,000 427,000 422,000
Retained Earnings 2,842,000 8,388,000 18,068,000 23,686,000
Treasury Stock 0 0 0 0
Capital Surplus 1,419,228,000 1,406,822,000 1,369,919,000 1,336,779,000
Shareholder Equity 1,419,045,000 1,415,984,000 1,389,713,000 1,363,400,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 78,445,000 75,815,000 74,156,000 74,942,000
Cost of Revenue 20,526,000 19,581,000 18,068,000 18,153,000
Gross Profit 57,919,000 56,234,000 56,088,000 56,789,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 23,498,000 23,595,000 20,886,000 20,946,000
Operating Income 54,172,000 51,675,000 49,695,000 53,751,000
Income Expense Net (Other) -14,194,000 -15,996,000 -12,612,000 -12,772,000
EBIT 54,172,000 51,675,000 49,695,000 53,751,000
Interest Income 14,095,000 13,226,000 13,008,000 12,401,000
Pretax Income 39,978,000 35,679,000 37,083,000 40,979,000
Income Tax 0 0 0 0
Minority Interest -1,000 0 0 0
Net Income 39,979,000 35,679,000 37,083,000 40,979,000
Net Income Basic 39,979,000 35,679,000 37,083,000 40,979,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 39,979,000 35,679,000 37,083,000 40,979,000
Depreciation 19,020,000 18,491,000 18,067,000 18,153,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 984,000 5,642,000 2,262,000 -407,000
Cash Flow 53,077,000 73,837,000 51,871,000 54,173,000
Capital Expenditures -4,085,000 -4,215,000 -8,475,000 -3,143,000
Investments -149,868,000 -50,122,000 -2,200,000 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -202,348,000 -65,039,000 -100,816,000 -8,577,000
Dividends Paid -45,360,000 -42,700,000 -42,231,000 -42,172,000
Net Borrowings 183,684,000 4,637,000 30,667,000 -6,399,000
Cash Flow Financing 150,255,000 -3,156,000 51,207,000 -46,003,000
Financing Cash Flows (Other) -10,000 -1,006,000 29,985,000 0
Exchange Rate Effect 0 0 0 0

About National Health Investors, Inc.


Incorporated in 1991, National Health Investors, Inc. is a real estate investment trust specializing in the sales-leaseback, joint-venture, mortgage and mezzanine financing of need driven and discretionary senior housing and medical investments. NHI’s portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
9 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
8 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
8.4 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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