National Health Investors, Inc. (NHI) Stock Analysis
Real Estate · REIT - Healthcare Facilities
Sell if holding. Analyst target reached at $77.06 — A.R:R 0.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: healthcare properties.
National Health Investors is a self-managed healthcare REIT with $2.7 billion in owned senior housing and medical facility properties across 32 states, leased triple-net to 31 tenants, plus a SHOP segment of 26 senior housing communities. Total revenues were $375.6 million in... Read more
Sell if holding. Analyst target reached at $77.06 — A.R:R 0.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: healthcare properties. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Score 5.0/10, moderate confidence.
Passes 3/6 gates (clean insider activity, no SEC red flags, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 4d<=7d. Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHPropertyhealthcare properties10-K Item 1A: 'Our investments are concentrated in healthcare properties'
- MEDIUMTenantsmall number of significant tenants10-K Item 1A: 'A small number of tenants in our portfolio account for a significant percentage of the rental income we expect to generate from our portfolio'
Material Events(8-K, last 90d)
- 2026-04-23Item 5.02MEDIUMCFO John Spaid notified NHI Board of retirement effective July 1, 2026; Todd Siefert appointed as EVP Corporate Finance effective June 1, 2026 and becomes CFO upon retirement. No disagreement cited.SEC filing →
- 2026-04-22Item 1.01MEDIUMNHI entered Purchase and Sale Agreement on April 21, 2026 to sell 32 SNFs and 3 ILFs to NHC/OP L.P. for $560 million, divesting properties under the long-standing Master Lease with NHC.SEC filing →
- 2026-04-22Item 1.02MEDIUMTermination of Master Agreement to Lease (October 17, 1991) with NHC/OP L.P. covering 35 facilities, in connection with the $560 million sale agreement entered April 21, 2026.SEC filing →
- 2026-02-23Item 5.02LOWLilly H. Donohue appointed to NHI Board effective February 17, 2026. Initial term expires at 2026 Annual Meeting. Former CEO of Holiday Retirement and Everstory Partners.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $77.06 — A.R:R 0.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: healthcare properties. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Prior stop was $73.20. Score 5.0/10, moderate confidence.
Take-profit target: $77.21 (+0.3% upside). Prior stop was $73.20. Stop-loss: $73.20.
Concentration risk — Property Type: healthcare properties; Analyst target reached - limited upside remaining; Earnings in 4 days (event risk).
National Health Investors, Inc. trades at a P/E of 25.3 (forward 21.1). TrendMatrix value score: 4.5/10. Verdict: Sell.
12 analysts cover NHI with a consensus score of 3.8/5. Average price target: $89.
What does National Health Investors, Inc. do?National Health Investors is a self-managed healthcare REIT with $2.7 billion in owned senior housing and medical...
National Health Investors is a self-managed healthcare REIT with $2.7 billion in owned senior housing and medical facility properties across 32 states, leased triple-net to 31 tenants, plus a SHOP segment of 26 senior housing communities. Total revenues were $375.6 million in 2025 (72.3% rental income, 21.3% resident fees, 6.4% interest).