NHI is the ticker symbol for NATIONAL HEALTH INVESTORS INC, a publicly traded Real Estate sector company listed on NYSE. 13F Pro tracks NHI with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is NHI a good stock to buy?

13F Pro's AI ranking engine scores NHI at 56.3/100, ranked #63 of 148 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for NHI is available at https://13fpro.ai/company/NHI. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source NHI data?

All NATIONAL HEALTH INVESTORS INC fundamentals and ownership data come directly from SEC EDGAR. NATIONAL HEALTH INVESTORS INC files with the SEC under CIK 877860. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

NATIONAL HEALTH INVESTORS INC NHI

NYSEMid CapReal Estate

REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.

13F Pro quality score

Rank #63 of 148TOP 50%

Why it scores 56 Real Estate peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$121.32M

Quarter to Jun 30

Net income

$55.67M

Quarter to Jun 30

Operating margin

46.2%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$2.91B total

BlackRock, Inc.

$666.00M+81.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

$353.13M+11.8%

STATE STREET CORP

$211.13M+38.6%

VANGUARD CAPITAL MANAGEMENT LLC

$160.08M+0.7%

PRINCIPAL FINANCIAL GROUP INC

$150.77M+16.2%

Bank of New York Mellon Corp

$122.51M+212.1%

GEODE CAPITAL MANAGEMENT, LLC

$106.99M+7.0%

BANK OF AMERICA CORP /DE/

$77.74M+2.7%

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$67.13M+6.6%

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

$66.37M-3.0%

DIMENSIONAL FUND ADVISORS LP

$51.53M-1.5%

$51.27M--

$46.42M+8.1%

$33.86M+16.9%

$32.40M-57.9%

$30.22M+210.4%

TWO SIGMA INVESTMENTS, LP

$25.58M-20.1%

GW&K Investment Management, LLC

$24.60M-3.7%

VANGUARD FIDUCIARY TRUST CO

$24.48M+3.0%

Legal & General Group Plc

$21.75M+23.0%

BOWEN HANES & CO INC

$21.02M0.0%

Sound Income Strategies, LLC

$20.61M+4.9%

PRUDENTIAL FINANCIAL INC

$19.61M-77.4%

ALGERT GLOBAL LLC

$18.98M+70.9%

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME

$18.53M+2.8%

See all 306 institutional holders →

What's Driving NHI's Business? Latest 10-Q Breakdown

32/32 datapoints verified

AI-extracted from the 10-Q filed 2026-08-10 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue rose 33.8% to $121.3M as resident fees and services tripled to $44.8M on SHOP acquisitions, with $22.0M of gains on property dispositions.

Biggest Revenue Drivers

Rental income$71.4M+1.6% YoY

A $3.0M increase from 11 properties acquired since April 1, 2025, partly offset by $1.9M from seven properties transitioned to SHOP.

Resident fees and services$44.8M+$30.6M YoY

Driven by acquisitions of 20 properties since April 1, 2025 and seven properties transitioned into the SHOP segment in August 2025.

Biggest Revenue Drivers

Total revenue: $121.3M+33.8% YoY

Rental income$71.4M+1.6% YoY

A $3.0M increase from 11 properties acquired since April 1, 2025, partly offset by $1.9M from seven properties transitioned to SHOP.

Within Rental income

Real Estate Investments segment total$76.5Mroughly flat vs $76.4M

Reportable segment combining rental income and interest and other income.

Resident fees and services$44.8M+$30.6M YoY

Driven by acquisitions of 20 properties since April 1, 2025 and seven properties transitioned into the SHOP segment in August 2025.

Interest and other income$5.2M-16.1% YoY

Net reduction in principal amounts of mortgage and other notes receivable outstanding versus the prior year period.

Largest Expense Items

Senior housing operating expenses$33.8M+$23.4M YoY

Labor of $18.3M, other operating costs, taxes and insurance, dietary, utilities and $2.2M of management fees at the expanded SHOP portfolio.

Depreciation and amortization$25.5M+28.3% YoY

Primarily a $5.4M increase from acquisitions activity since April 1, 2025.

Interest expense$15.8M+5.4% YoY

Includes a $4.7M increase from the 2033 Senior Notes, offset by term loan repayment and lower variable rates.

General and administrative expenses$8.8M+44.0% YoY

Higher compensation costs and costs related to the chief financial officer transition.

Margins: Total NOI rose to $84.8M from $77.4M, with SHOP NOI up to $11.0M from $3.8M; resident fees less senior housing operating expenses increased $7.2M on acquisitions and transitioned properties.

Watch Items from the Filing

The 35-property NHC portfolio, generating $10.2M of Q2 rental income, was sold July 1, 2026 for $560.0M; management flags risk of not redeploying proceeds at comparable returns.
Bickford has been a cash-basis tenant since 2022 on going-concern doubt not alleviated as of June 30, 2026; Q2 lease payments received were $10.9M.
Same-store SHOP occupancy for the 15 properties held since July 1, 2025 fell to 85.1% from 89.1% a year earlier.
Senior Living was 12.0% of six-month total revenues; South Carolina was 12.2% of gross real estate carrying value at June 30, 2026.
Debt reached $1.27B with $438.0M drawn on the $700.0M revolver; net debt to annualized Adjusted EBITDA was 4.1x and fixed charge coverage 5.1x.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →