National Health Investors, Inc. (NHI) stock analysis

In our weekly check, National Health Investors, Inc. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 4, red flags: 5.

About National Health Investors, Inc.

National Health Investors, Inc. is a Real Estate company (REIT - Healthcare Facilities) based in the United States, listed on NYSE as NHI.

What our checks show for NHI

Red flags

• The gross margin fell by 39.8 points, to 56.3%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 16.8% a year.
• The dividend takes 105% of profit: little cushion if profit falls.
• The stock has fallen as much as 63% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5.8 years.

Warning signs

• Net debt is 4x a year of EBITDA (debt/equity 0.82). That limits room in a downturn and raises refinancing risk.
• Analysts expect earnings per share to shrink about 2.7% a year.
• Thinly traded (about 351 thousand shares a day): buying and selling can move the price.
• Return on capital (ROCE) is only 8.1%.

Strengths

• The net margin rose by 1 points over 5 years, to 38.5%.
• Operating cash flow is 1.44x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 17.3 points from today's 38.5%.
• Revenue grew 15.9% a year over the last 3 years.
• Earnings per share grew 88.3% a year over the last 3 years.
• Net profit grew 35.9% a year over the last 3 years.

Next earnings report: 2026-11-09

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LTC · SBRA · DHC · HR · MPT · CTRE

Questions

What grade does National Health Investors, Inc. (NHI) have?

In our weekly check, National Health Investors, Inc. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 4, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NHI stock?

This week's biggest flags for National Health Investors, Inc.: Gross margin falling, Weak revenue forecast, Dividend stretched. In total 9 of 25 checks show a warning or a red flag.

What does National Health Investors, Inc. do?

National Health Investors, Inc. is a Real Estate company (REIT - Healthcare Facilities) based in the United States, listed on NYSE as NHI.

When does National Health Investors, Inc. report earnings next?

The next earnings report is expected on 2026-11-09. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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