National Health Investors, Inc. | REIT Profile

Symbol: NHI
CIK: 877860
Exchange: NYSE
Founded: 1991 (30 years)
HQ: Murfreesboro, TN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Health Care

See NHI on Google Finance
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See NHI on SEC.gov

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Overall Score: 7.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day October 14, 2021


Open Price: $55.5
Closing Price: $55.87
Price Change: 0.68 (1.232%)
Lowest Price: $55.24
Highest Price: $56.13

52-Week Low: $50.55
52-Week High: $75.13
52-Week Change: -0.91%

5 Day Price Change: 4.31%
1 Month Price Change: -4.64%
3 Month Price Change: -15.86%
6 Month Price Change: -23.55%
YTD Price Change: -16.56%
1 Year Price Change: -2.14%
2 Year Price Change: -24.05%
5 Year Price Change: -4.92%

Dividend of Trading Day October 14, 2021


Dividend Yield: 6.444%*
Annualized Dividend: $3.6*
Dividend Yield (TTM): 7.084%
Annualized Dividend (TTM): $3.9097
Ex-Dividend Date: 2021-09-29
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day October 14, 2021


Total Cash: N/A
Current Debt: $1,510,947,000
Revenue: $320,776,000
Gross Profit: $320,776,000
Total Revenue: $320,776,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $234,894,000
Revenue Per Share: $7
Revenue Per Employee: N/A
Employee: 20
Debt to Equity Ratio (D/E): 1.99
Profit Margin: 0.48%
Enterprise Value (EV): $2,530,494,559
Enterprise Value to Revenue (EV/R): 7.89
Price to Sales (P/S): 7.89
Price to Book (P/B): 1.64
Peg Ratio: -0.81
P/E Ratio: 16.38
P/E High: 17.32
P/E Low: 13.74
Forward P/E Ratio: 14.86
Market Capitalization: $2,561,672,966
Beta: 0.88
Latest Volume: 256,232.00
Avg. Total Volume: 367,072
Avg. 10 Volume: 314,943.00
Avg. 30 Volume: 367,072.00
TTM EPS: 3.41
TTM Dividend Rate: 3.91
Shares Outstanding: 45,850,599
Float: N/A
50-Day Moving Avg.: 56.15
200-Day Moving Avg.: 63.99

Latest REIT Community Comments on #NHI


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Properties Owned by NHI


Properties Based on REIT's Official Presentation

Properties Types States Countries
243 1 34 1

Please visit REIT’s official webpage for the most up-to-date property list.

NHI Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $79.28 per share you would have been able to buy 12 shares of NHI on 2020-10-15 costing $951.36 @ $79.28 per share you would have been able to buy 6 shares of NHI on 2020-10-15 costing $475.68 @ $79.28 per share you would have been able to buy 3 shares of NHI on 2020-10-15 costing $237.84 @ $79.28 per share you would have been able to buy 1 shares of NHI on 2020-10-15 costing $79.28 @ $79.28 per share you would have been able to buy 0 shares of NHI on 2020-10-15 costing $0.00
Current worth On 2021-10-14 these 12 shares would be worth $670.44 @ $55.87 On 2021-10-14 these 6 shares would be worth $335.22 @ $55.87 On 2021-10-14 these 3 shares would be worth $167.61 @ $55.87 On 2021-10-14 these 1 shares would be worth $55.87 @ $55.87 On 2021-10-14 these 0 shares would be worth $0.00 @ $55.87
Dividends earned $61.29 in dividends would have been earned since 2020-10-15 with 12 shares. $31 in dividends would have been earned since 2020-10-15 with 6 shares. $15.32 in dividends would have been earned since 2020-10-15 with 3 shares. $5.11 in dividends would have been earned since 2020-10-15 with 1 shares. $0.00 in dividends would have been earned since 2020-10-15 with 6 shares.
Net (gain / loss)* -219.63 USD -109.82 USD -54.91 USD -18.30 USD 0.00 USD
ROI** -23.09% -23.09% -23.09% -23.09% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by NHI. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
NHI 2021-09-29 0.900 --- 2021-08-09 2021-09-30 2021-11-05
NHI 2021-06-29 0.900 -18.37% 2021-06-03 2021-06-30 2021-08-06
NHI 2021-03-30 1.103 --- 2021-03-12 2021-03-31 2021-05-07
NHI 2020-12-30 1.103 --- 2020-12-15 2020-12-31 2021-01-29
NHI 2020-09-29 1.103 --- 2020-09-15 2020-09-30 2020-11-06
NHI 2020-06-29 1.103 --- 2020-06-15 2020-06-30 2020-08-07
NHI 2020-03-30 1.103 5.00% 2020-02-19 2020-03-31 2020-05-08
NHI 2019-12-30 1.050 --- 2019-11-07 2019-12-31 2020-01-31
NHI 2019-09-27 1.050 --- 2019-08-08 2019-09-30 2019-11-08
NHI 2019-06-27 1.050 --- 2019-05-07 2019-06-28 2019-08-09
NHI 2019-03-28 1.050 5.00% 2019-02-19 2019-03-29 2019-05-10
NHI 2018-12-28 1.000 --- 2018-12-17 2018-12-31 2019-01-31
NHI 2018-09-27 1.000 --- 2018-08-07 2018-09-28 2018-11-09
NHI 2018-06-28 1.000 --- 2018-05-08 2018-06-29 2018-08-10
NHI 2018-03-29 1.000 5.26% 2018-02-16 2018-03-30 2018-05-10
NHI 2017-12-28 0.950 --- 2017-11-08 2017-12-29 2018-01-31
NHI 2017-09-28 0.950 --- 2017-08-09 2017-09-29 2017-11-10
NHI 2017-06-28 0.950 --- 2017-05-11 2017-06-30 2017-08-10
NHI 2017-03-29 0.950 5.56% 2017-02-17 2017-03-31 2017-05-10
NHI 2016-12-28 0.900 --- 2016-12-08 2016-12-30 2017-01-31

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 0 0 0 0
Receivables 97,723,000 98,354,000 95,703,000 92,418,000
Inventory 0 0 0 0
Current Assets 437,025,000 513,047,000 431,474,000 421,898,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 2,640,420,000 2,670,226,000 2,689,015,000 2,717,375,000
Property, Plant & Equipment Net 2,618,756,000 2,647,956,000 2,667,432,000 2,687,959,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 21,664,000 22,270,000 18,584,000 29,416,000
Net Tangible Assets 1,546,715,000 1,552,185,000 1,512,234,000 1,493,049,000
Total Assets 3,077,445,000 3,183,273,000 3,120,489,000 3,139,273,000
Accounts Payable 0 0 0 0
Liabilities (Other) 9,438,000 10,638,000 10,638,000 0
Current Liabilities (Other) 76,203,000 85,195,000 87,621,000 106,303,000
Total Current Liabilities 1,510,947,000 1,609,920,000 1,586,906,000 1,635,271,000
Current Long-term Debt 1,434,744,000 1,524,725,000 1,499,285,000 1,528,968,000
Long-term Debt 0 0 0 0
Total Liabilities 1,530,730,000 1,631,088,000 1,608,255,000 1,646,224,000
Minority Interest 10,345,000 10,530,000 10,711,000 10,953,000
Common Stock 45,850,599 45,305,087 44,859,895 1,511,251,000
Retained Earnings -39,316,000 -37,233,000 -22,015,000 -9,337,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,546,715,000 1,552,185,000 1,512,234,000 1,493,049,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 74,330,000 80,885,000 81,260,000 84,301,000
Cost of Revenue 0 0 0 0
Gross Profit 74,330,000 80,885,000 81,260,000 84,301,000
Research and Development 0 0 0 0
Selling General and Admin 3,588,000 7,989,000 3,176,000 2,785,000
Operating Expense 41,583,000 45,551,000 39,909,000 41,833,000
Operating Income 32,747,000 35,334,000 41,351,000 42,468,000
Income Expense Net (Other) 0 50,000 -573,000 193,000
EBIT 32,747,000 35,384,000 40,778,000 42,661,000
Interest Income 0 0 0 0
Pretax Income 39,231,000 35,384,000 37,163,000 42,661,000
Income Tax 0 0 0 0
Minority Interest 48,000 52,000 23,000 66,000
Net Income 39,183,000 35,332,000 37,140,000 42,595,000
Net Income Basic 39,183,000 35,332,000 37,140,000 42,595,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income 39,183,000 35,332,000 37,140,000 42,595,000
Depreciation 20,658,000 20,806,000 83,150,000 62,861,000
Changes in Receivables 97,723,000 98,354,000 95,703,000 3,328,000
Changes in Inventories 0 0 0 0
Cash Change 32,544,000 113,375,000 43,344,000 -4,655,000
Cash Flow 51,600,000 56,912,000 55,621,000 176,527,000
Capital Expenditures -92,000 -1,451,000 -116,724,000 -113,983,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 14,362,000 -9,133,000 -6,294,000 -83,418,000
Dividends Paid 0 0 0 0
Net Borrowings 1,150,567,000 1,223,407,000 1,206,858,000 1,241,686,000
Cash Flow Financing -147,465,000 22,106,000 -54,098,000 -57,664,000
Financing Cash Flows (Other) 0 0 0 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
4 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
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. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
9 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.7
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.2
Rating Leverage Section Avg. Rating
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.9
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
6 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
Rating Market Cap Section Avg. Rating
2 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
7.6 Overall REITRating™ Score (See trend) 6.2

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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Last updated: 2021-10-15 - v1.9