National Health Investors (NHI) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $11.47
- Estimate
- $1.51
- Surprise
- +659.6%
- Revenue (period 2026-09-30)
- $47.7M
- Score at report (before → after)
- 6.4 → 6.1/10
Revenue source: xbrl.
How the report landed
National Health Investors (NHI) beat the $1.51 estimate with adjusted EPS of $11.47 — a large 659.6% upside surprise. TrendMatrix's engine moved from Hold (6.4/10) to Sell at 6.1/10 after the report — the engine's score fell despite the beat.
Coverage in the report window
- National Health Investors Lowers FY2026 FFO Guidance from $4.74-$4.79 to $4.68-$4.70 vs $4.76 Est — benzinga, 2026-11-09
- National Health Investors Q3 FFO $1.12 Misses $1.14 Estimate, Sales $113.483M Beat $107.737M Estimate — benzinga, 2026-11-09
Where TrendMatrix's rating stands now
TrendMatrix currently rates NHI Hold at 6.7/10.
1 of the last 4 quarters beat the estimate; this quarter's +659.6% surprise compares with a +142.3% four-quarter average. Next scheduled report: 2027-02-25.
What supports the rating
- Strong growth profile
- Positive insider activity
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Real Estate): -1.2
- Consecutive earnings misses (3)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $67.79
- Price target
- $68.30
- Stop
- $63.95
- Upside to target
- +0.8%
- Reward-to-risk
- 0.1:1
Forward estimates sit below the trailing run-rate (19.6× forward vs 4.7× trailing) — consensus expects earnings to decline from here.
Risk check: trading volume is running 1.9× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-11 — shown for context, not personalized investment advice.
NHI at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Healthcare Facilities
- Market cap
- $3.33B
- P/E (fwd)
- 19.6
- P/E (ttm)
- 4.7
- 52-week range
- $63.51–$91.38
- Off 52-week high
- 25.8%
- RSI (14)
- 60
- Volume vs avg
- 1.91×
- Score today
- 6.7/10