What is the 13F Pro Quality Score for NHI?

13F Pro ranks NATIONAL HEALTH INVESTORS INC (NHI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NHI's current score at https://13fpro.ai/company/NHI (free sign-up required for the full ranking).

Which hedge funds own the most NHI stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NHI include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/NHI as soon as new 13F filings post.

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.

What sector is NHI in?

NATIONAL HEALTH INVESTORS INC (NHI) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives NHI's revenue?

Per NATIONAL HEALTH INVESTORS INC's latest 10-Q filed with the SEC on 2026-08-10, the biggest revenue drivers are: Rental income ($71.4M, +1.6% YoY); Resident fees and services ($44.8M, +$30.6M YoY); Interest and other income ($5.2M, -16.1% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/NHI.

What are NHI's largest expenses?

NATIONAL HEALTH INVESTORS INC's latest 10-Q reports these as the largest expense items: Senior housing operating expenses ($33.8M, +$23.4M YoY); Depreciation and amortization ($25.5M, +28.3% YoY); Interest expense ($15.8M, +5.4% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is NHI research updated on 13F Pro?

NHI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NATIONAL HEALTH INVESTORS INC(NHI)Stock Analysis

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Why NHI Scores 72/100

exact factor attribution · 2026-08-29

NHI's composite is driven by revenue growth and free cash flow, held back by scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.9 pts

95th pct

Free cash flow

+6.8 pts

95th pct

Profitability

+6.8 pts

95th pct

Capital efficiency

+2.3 pts

73th pct

Institutional flow

+1.5 pts

81th pct

Earnings growth

+0.0 pts

50th pct

Shareholder dilution

-0.2 pts

47th pct

Earnings quality

-0.6 pts

44th pct

▲2

Scale

-4.1 pts

23th pct

Latest change (2026-08-10): 68 → 71 · ↑ Revenue growth 77→86; ↑ Earnings growth 38→52; despite ↓ Dilution 47→23

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

NHI Stock Analysis & AI Quality Score

Data updated 2026-08-29

AI stock analysis and institutional research for NATIONAL HEALTH INVESTORS INC (NHI), a Real Estate sector company. 13F Pro tracks NHI using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), NATIONAL HEALTH INVESTORS INC reports quarterly revenue of $121.3M, net income of $55.7M. Top institutional holders of NHI by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. NHI trades on the NYSE exchange and files with the SEC under CIK 877860. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NHI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NATIONAL HEALTH INVESTORS INC directly from SEC EDGAR. NATIONAL HEALTH INVESTORS INC's 13F Pro composite quality score has ranged between 48 and 77 since 2021, currently 71.6 — an improving long-term trajectory across 65 quarterly and live scoring snapshots.

✦

Fun facts about NATIONAL HEALTH INVESTORS INC

Quirks, history, and lore behind NHI — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. real estate investment trust · mid-cap · listed on the NYSE · headquartered in Tennessee.
2
The Numbers
Its portfolio spans roughly 150–200 properties across the country, and it has paid uninterrupted dividends to shareholders for decades — the REIT way of life.
3
The History
Founded in the late 1980s, it was built around a simple thesis: America's population is aging, and somebody has to own the real estate where seniors live and heal.
4
The Secret
It doesn't run hospitals or nursing homes — it just owns and leases them, collecting rent from operators and letting someone else deal with the bedpans.
5
The Lore
Its tenants include senior housing communities, skilled nursing facilities, and medical office buildings — essentially a landlord for the grey-haired economy.
6
The Giveaway
The ticker is three letters that stand for exactly what it does: National Health Investors, a Tennessee-based healthcare REIT betting on every baby boomer who ever existed.

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

✓ 32/32 datapoints verified

AI-extracted from NATIONAL HEALTH INVESTORS INC's 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 →Share on X

Revenue

Q2 2026

$121.3M

Net Income

Q2 2026

$55.7M

ROIC

Q2 2026

7.9%

D/E Ratio

Q2 2026

0.81

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+12.1% YoY

$375.6MFY 2025

FY22 $278.2MFY23 $319.8MFY24 $335.2MFY25 $375.6M

Net Income

+3.0% YoY

$142.2MFY 2025

FY22 $66.4MFY23 $135.7MFY24 $138.0MFY25 $142.2M

EPS (Diluted)

-3.5% YoY

$3.02FY 2025

FY22 $1.48FY23 $3.13FY24 $3.13FY25 $3.02

Total Assets

+7.0% YoY

$2.80BFY 2025

FY22 $2.51BFY23 $2.49BFY24 $2.61BFY25 $2.80B

Total Debt

+1.6% YoY

$1.16BFY 2025

FY22 $1.15BFY23 $1.14BFY24 $1.15BFY25 $1.16B

Op. Cash Flow

+13.9% YoY

$236.6MFY 2025

FY22 $185.3MFY23 $184.4MFY24 $207.8MFY25 $236.6M

Free Cash Flow

-308.5% YoY

$-57.5MFY 2025

FY22 $174.3MFY23 $118.2MFY24 $27.6MFY25 $-57.5M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$375.6M +12.1%	$335.2M +4.8%	$319.8M +15.0%	$278.2M -6.9%	$298.7M -10.2%	$332.8M
Net Income	$142.2M +3.0%	$138.0M +1.7%	$135.7M +104.3%	$66.4M -40.6%	$111.8M -39.6%	$185.1M
EPS (Diluted)	$3.02 -3.5%	$3.13 +0.0%	$3.13 +111.5%	$1.48 -39.3%	$2.44 -41.1%	$4.14
Total Assets	$2.80B +7.0%	$2.61B +5.1%	$2.49B -0.8%	$2.51B -11.7%	$2.84B -9.0%	$3.12B
Total Debt	$1.16B +1.6%	$1.15B +1.0%	$1.14B -1.1%	$1.15B -7.7%	$1.24B -17.1%	$1.50B
Operating Cash Flow	$236.6M +13.9%	$207.8M +12.6%	$184.4M -0.5%	$185.3M -12.1%	$210.9M -9.2%	$232.1M
Free Cash Flow	$-57.5M -308.5%	$27.6M -76.7%	$118.2M -32.2%	$174.3M +8.6%	$160.5M +39.1%	$115.4M

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Available Research

13F Pro tracks comprehensive data for NATIONAL HEALTH INVESTORS INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NHI

BlackRock, Inc.
$666.0M8,733,237 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$353.1M4,630,646 sh
STATE STREET CORP
$211.1M2,735,937 sh
VANGUARD CAPITAL MANAGEMENT LLC
$160.1M2,099,145 sh
PRINCIPAL FINANCIAL GROUP INC
$150.8M1,977,094 sh
Bank of New York Mellon Corp
$122.5M1,606,463 sh
GEODE CAPITAL MANAGEMENT, LLC
$107.0M1,402,775 sh
BANK OF AMERICA CORP /DE/
$77.7M1,019,379 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$67.1M880,321 sh
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.
$66.4M870,365 sh

Fund	Value	Shares
BlackRock, Inc.	$666.0M	8,733,237
VANGUARD PORTFOLIO MANAGEMENT LLC	$353.1M	4,630,646
STATE STREET CORP	$211.1M	2,735,937
VANGUARD CAPITAL MANAGEMENT LLC	$160.1M	2,099,145
PRINCIPAL FINANCIAL GROUP INC	$150.8M	1,977,094
Bank of New York Mellon Corp	$122.5M	1,606,463
GEODE CAPITAL MANAGEMENT, LLC	$107.0M	1,402,775
BANK OF AMERICA CORP /DE/	$77.7M	1,019,379
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$67.1M	880,321
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$66.4M	870,365

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Is NHI a good stock to buy?

13F Pro's AI-powered analysis of NATIONAL HEALTH INVESTORS INC (NHI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NHI are available on the NHI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NHI is classified as a mid company.

Which hedge funds own NHI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NHI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NATIONAL HEALTH INVESTORS INC's investment landscape.