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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.03
NHI's Cash to Debt is ranked lower than
67% of the 653 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 0.06 vs. NHI: 0.03 )
Ranked among companies with meaningful Cash to Debt only.
NHI' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.19 Max: No Debt
Current: 0.03
Equity to Asset 0.50
NHI's Equity to Asset is ranked lower than
51% of the 687 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 0.51 vs. NHI: 0.50 )
Ranked among companies with meaningful Equity to Asset only.
NHI' s Equity to Asset Range Over the Past 10 Years
Min: 0.49  Med: 0.65 Max: 0.96
Current: 0.5
0.49
0.96
Interest Coverage 3.07
NHI's Interest Coverage is ranked lower than
56% of the 639 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 3.55 vs. NHI: 3.07 )
Ranked among companies with meaningful Interest Coverage only.
NHI' s Interest Coverage Range Over the Past 10 Years
Min: 3.07  Med: 14.93 Max: 279.73
Current: 3.07
3.07
279.73
F-Score: 5
Z-Score: 2.05
M-Score: -2.36
WACC vs ROIC
4.69%
5.69%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 48.47
NHI's Operating margin (%) is ranked lower than
51% of the 690 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 48.88 vs. NHI: 48.47 )
Ranked among companies with meaningful Operating margin (%) only.
NHI' s Operating margin (%) Range Over the Past 10 Years
Min: 48.47  Med: 72.81 Max: 106.98
Current: 48.47
48.47
106.98
Net-margin (%) 69.71
NHI's Net-margin (%) is ranked higher than
71% of the 691 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 38.73 vs. NHI: 69.71 )
Ranked among companies with meaningful Net-margin (%) only.
NHI' s Net-margin (%) Range Over the Past 10 Years
Min: 57.24  Med: 97.06 Max: 155.14
Current: 69.71
57.24
155.14
ROE (%) 15.02
NHI's ROE (%) is ranked higher than
82% of the 696 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 6.52 vs. NHI: 15.02 )
Ranked among companies with meaningful ROE (%) only.
NHI' s ROE (%) Range Over the Past 10 Years
Min: 11.25  Med: 16 Max: 21.97
Current: 15.02
11.25
21.97
ROA (%) 7.66
NHI's ROA (%) is ranked higher than
80% of the 701 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 3.36 vs. NHI: 7.66 )
Ranked among companies with meaningful ROA (%) only.
NHI' s ROA (%) Range Over the Past 10 Years
Min: 5.91  Med: 13.02 Max: 17.55
Current: 7.66
5.91
17.55
ROC (Joel Greenblatt) (%) 10.87
NHI's ROC (Joel Greenblatt) (%) is ranked higher than
50% of the 577 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 10.78 vs. NHI: 10.87 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NHI' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 8.36  Med: 19.5 Max: 31.47
Current: 10.87
8.36
31.47
Revenue Growth (3Y)(%) 22.00
NHI's Revenue Growth (3Y)(%) is ranked higher than
92% of the 475 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 1.90 vs. NHI: 22.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NHI' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -25.1  Med: 9 Max: 22
Current: 22
-25.1
22
EBITDA Growth (3Y)(%) 23.80
NHI's EBITDA Growth (3Y)(%) is ranked higher than
82% of the 428 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 4.10 vs. NHI: 23.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NHI' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -16.3  Med: 9 Max: 23.8
Current: 23.8
-16.3
23.8
EPS Growth (3Y)(%) 14.80
NHI's EPS Growth (3Y)(%) is ranked higher than
62% of the 351 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 5.50 vs. NHI: 14.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NHI' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -25.2  Med: 6.6 Max: 27.2
Current: 14.8
-25.2
27.2
» NHI's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-11-05)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q3 2015

NHI Guru Trades in Q3 2015

Jim Simons 142,200 sh (+29.98%)
Chris Davis 89,315 sh (-0.87%)
» More
Q4 2015

NHI Guru Trades in Q4 2015

Chris Davis 89,315 sh (unchged)
Jim Simons 48,500 sh (-65.89%)
» More
Q1 2016

NHI Guru Trades in Q1 2016

Chris Davis Sold Out
Jim Simons 8,300 sh (-82.89%)
» More
Q2 2016

NHI Guru Trades in Q2 2016

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with NHI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: REITs » REIT - Healthcare Facilities
Compare:NYSE:DOC, NYSE:MPW, NYSE:CCP, NYSE:HR, NYSE:LTC, NYSE:GEO, NYSE:HTA, NAS:SBRA, NAS:CTRE, NYSE:UHT, NAS:SNH, OTCPK:FESNF, OTCPK:NWHUF, NYSE:CHCT, NYSE:GMRE, NYSE:OHI, NYSE:HCP, NYSE:VTR, NYSE:HCN » details
Traded in other countries:WX6.Germany,
National Health Investors Inc is a real estate investment trust. The Company invests in income-producing health care properties in the long-term care and senior housing industries.

National Health Investors Inc a Maryland corporation incorporated in 1991. It is a real estate investment trust (REIT) which invests in income-producing health care properties in the long-term care and senior housing industries. Its portfolio consisted of real estate, mortgage and note investments and investments in the preferred stock and marketable securities of other REITs. It is a self-managed REIT investing in health care real estate or in the operations thereof through independent third-party managers that generate current income to be distributed to stockholders. It invests in leased properties, loans and RIDEA transactions. These investments include senior housing, skilled nursing facilities, hospitals & medical office buildings, all of which are collectively referred to herein as Health Care Facilities. It typically funds these investments through three sources of capital debt offerings, including bank lines of credit and ordinary term debt, current cash flow and the sale of equity securities. All of its investments in real estate and mortgage loans secured by real estate are located within the United States. Its portfolio included 91 senior housing communities (SHO) leased to operators and mortgage loans secured by 3 SHOs. SHOs within its portfolio consist of assisted living facilities, independent living facilities and senior living campuses. Its investments are typically structured as acquisitions of properties through purchase-leaseback transactions, acquisitions of properties from other real estate investors, mortgage loans or, in operations, through structures allowed by the REIT Investment Diversification Empowerment Act of 2007. It has also provided construction loans for facilities for which were already committed to provide long-term financing or for which the operator agreed to enter into a lease on completion of the construction. Assisted living facilities portfolio included 69 assisted living facilities leased to operators and mortgage loans secured by 2 ALFs, Independent living facilities portfolio included 28 independent living facilities (ILF) leased to operators, Senior living campuses portfolio included 9 senior living campuses (SLC) leased to operators. It has two operators, National HealthCare Corporation (NHC) and Bickford Senior Living (Bickford), from whom it individually derives its income from operations. It is compete with other REITs, private equity funds and other investors in the acquisition, leasing and financing of health care-related properties. The Company is subject to certain provisions of Maryland law and its charter and bylaws that could hinder, delay or prevent a change in control transaction, even if the transaction involves a premium price for its common stock or its stockholders believe such transaction to be otherwise in their interests.

Ratios

vs
industry
vs
history
P/E(ttm) 18.27
NHI's P/E(ttm) is ranked lower than
57% of the 588 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 16.27 vs. NHI: 18.27 )
Ranked among companies with meaningful P/E(ttm) only.
NHI' s P/E(ttm) Range Over the Past 10 Years
Min: 7.05  Med: 15.55 Max: 24.84
Current: 18.27
7.05
24.84
PE(NRI) 18.27
NHI's PE(NRI) is ranked lower than
56% of the 587 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 16.60 vs. NHI: 18.27 )
Ranked among companies with meaningful PE(NRI) only.
NHI' s PE(NRI) Range Over the Past 10 Years
Min: 9.04  Med: 17.66 Max: 28.56
Current: 18.27
9.04
28.56
P/B 2.69
NHI's P/B is ranked lower than
89% of the 682 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 1.14 vs. NHI: 2.69 )
Ranked among companies with meaningful P/B only.
NHI' s P/B Range Over the Past 10 Years
Min: 1.16  Med: 2.37 Max: 4.35
Current: 2.69
1.16
4.35
P/S 12.73
NHI's P/S is ranked lower than
85% of the 658 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 7.53 vs. NHI: 12.73 )
Ranked among companies with meaningful P/S only.
NHI' s P/S Range Over the Past 10 Years
Min: 8.31  Med: 14.17 Max: 53.22
Current: 12.73
8.31
53.22
POCF 18.02
NHI's POCF is ranked lower than
65% of the 564 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 15.14 vs. NHI: 18.02 )
Ranked among companies with meaningful POCF only.
NHI' s POCF Range Over the Past 10 Years
Min: 7.48  Med: 15.46 Max: 22.39
Current: 18.02
7.48
22.39
EV-to-EBIT 20.51
NHI's EV-to-EBIT is ranked lower than
52% of the 591 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 19.79 vs. NHI: 20.51 )
Ranked among companies with meaningful EV-to-EBIT only.
NHI' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.7  Med: 19.8 Max: 29.6
Current: 20.51
7.7
29.6
EV-to-EBITDA 15.66
NHI's EV-to-EBITDA is ranked higher than
53% of the 612 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 16.35 vs. NHI: 15.66 )
Ranked among companies with meaningful EV-to-EBITDA only.
NHI' s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.5  Med: 15.7 Max: 23.7
Current: 15.66
6.5
23.7
PEG 1.02
NHI's PEG is ranked higher than
63% of the 217 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 1.69 vs. NHI: 1.02 )
Ranked among companies with meaningful PEG only.
NHI' s PEG Range Over the Past 10 Years
Min: 0.41  Med: 1.32 Max: 100.58
Current: 1.02
0.41
100.58
Shiller P/E 24.35
NHI's Shiller P/E is ranked higher than
51% of the 190 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 24.81 vs. NHI: 24.35 )
Ranked among companies with meaningful Shiller P/E only.
NHI' s Shiller P/E Range Over the Past 10 Years
Min: 8.74  Med: 19.39 Max: 26.15
Current: 24.35
8.74
26.15
Current Ratio 1.46
NHI's Current Ratio is ranked higher than
66% of the 653 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 0.99 vs. NHI: 1.46 )
Ranked among companies with meaningful Current Ratio only.
NHI' s Current Ratio Range Over the Past 10 Years
Min: 0.56  Med: 1.44 Max: 6.65
Current: 1.46
0.56
6.65
Quick Ratio 1.46
NHI's Quick Ratio is ranked higher than
68% of the 653 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 0.91 vs. NHI: 1.46 )
Ranked among companies with meaningful Quick Ratio only.
NHI' s Quick Ratio Range Over the Past 10 Years
Min: 0.56  Med: 1.44 Max: 6.65
Current: 1.46
0.56
6.65
Days Sales Outstanding 95.48
NHI's Days Sales Outstanding is ranked lower than
91% of the 494 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 18.13 vs. NHI: 95.48 )
Ranked among companies with meaningful Days Sales Outstanding only.
NHI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.08  Med: 43.17 Max: 95.48
Current: 95.48
2.08
95.48

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.46
NHI's Dividend Yield is ranked lower than
66% of the 856 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 5.06 vs. NHI: 4.46 )
Ranked among companies with meaningful Dividend Yield only.
NHI' s Dividend Yield Range Over the Past 10 Years
Min: 3.76  Med: 5.58 Max: 11.55
Current: 4.46
3.76
11.55
Dividend Payout 0.81
NHI's Dividend Payout is ranked higher than
52% of the 681 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 0.82 vs. NHI: 0.81 )
Ranked among companies with meaningful Dividend Payout only.
NHI' s Dividend Payout Range Over the Past 10 Years
Min: 0.39  Med: 1.05 Max: 4.09
Current: 0.81
0.39
4.09
Dividend Growth (3y) 8.80
NHI's Dividend Growth (3y) is ranked higher than
72% of the 357 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 4.00 vs. NHI: 8.80 )
Ranked among companies with meaningful Dividend Growth (3y) only.
NHI' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -46.6  Med: 6.3 Max: 55.7
Current: 8.8
-46.6
55.7
Forward Dividend Yield 4.48
NHI's Forward Dividend Yield is ranked lower than
61% of the 855 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 5.13 vs. NHI: 4.48 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 6.27
NHI's Yield on cost (5-Year) is ranked higher than
53% of the 857 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 6.01 vs. NHI: 6.27 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
NHI' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 5.42  Med: 8.05 Max: 16.66
Current: 6.27
5.42
16.66
3-Year Average Share Buyback Ratio -11.30
NHI's 3-Year Average Share Buyback Ratio is ranked lower than
65% of the 406 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: -6.70 vs. NHI: -11.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NHI' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -11.3  Med: -1.3 Max: 0.5
Current: -11.3
-11.3
0.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.69
NHI's Price/Tangible Book is ranked lower than
88% of the 672 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 1.16 vs. NHI: 2.69 )
Ranked among companies with meaningful Price/Tangible Book only.
NHI' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.42  Med: 1.96 Max: 3.99
Current: 2.69
0.42
3.99
Price/DCF (Earnings Based) 1.66
NHI's Price/DCF (Earnings Based) is ranked higher than
82% of the 17 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 2.51 vs. NHI: 1.66 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 0.91
NHI's Price/Median PS Value is ranked higher than
79% of the 517 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 1.08 vs. NHI: 0.91 )
Ranked among companies with meaningful Price/Median PS Value only.
NHI' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.08  Med: 0.84 Max: 3.46
Current: 0.91
0.08
3.46
Price/Peter Lynch Fair Value 0.88
NHI's Price/Peter Lynch Fair Value is ranked higher than
60% of the 124 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 1.23 vs. NHI: 0.88 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
NHI' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.18  Med: 1.09 Max: 19.43
Current: 0.88
0.18
19.43
Price/Graham Number 1.49
NHI's Price/Graham Number is ranked lower than
72% of the 522 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 0.91 vs. NHI: 1.49 )
Ranked among companies with meaningful Price/Graham Number only.
NHI' s Price/Graham Number Range Over the Past 10 Years
Min: 0.29  Med: 1.15 Max: 2.76
Current: 1.49
0.29
2.76
Earnings Yield (Greenblatt) (%) 4.86
NHI's Earnings Yield (Greenblatt) (%) is ranked higher than
54% of the 664 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 4.20 vs. NHI: 4.86 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
NHI' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 3.4  Med: 5.1 Max: 13
Current: 4.86
3.4
13
Forward Rate of Return (Yacktman) (%) 12.21
NHI's Forward Rate of Return (Yacktman) (%) is ranked higher than
74% of the 369 Companies
in the Global REIT - Healthcare Facilities industry.

( Industry Median: 2.07 vs. NHI: 12.21 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
NHI' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 0.6  Med: 8.35 Max: 38.9
Current: 12.21
0.6
38.9

More Statistics

Revenue (TTM) (Mil) $237.1
EPS (TTM) $ 4.34
Beta0.44
Short Percentage of Float4.34%
52-Week Range $54.51 - 82.53
Shares Outstanding (Mil)39.16
» More Articles for NHI

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More From Other Websites
ETF’s with exposure to National Health Investors, Inc. : September 19, 2016 Sep 19 2016
NHI to Attend the BMO Capital Markets 11th Annual Real Estate Conference Sep 12 2016
National Health Investors, Inc. breached its 50 day moving average in a Bearish Manner : NHI-US :... Sep 12 2016
ETF’s with exposure to National Health Investors, Inc. : September 7, 2016 Sep 07 2016
NHI Announces $36.6 Million Purchase of Two Senior Living Facilities in Oregon Sep 01 2016
NATIONAL HEALTH INVESTORS INC Financials Aug 11 2016
National Health Investors, Inc. :NHI-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10,... Aug 10 2016
NATIONAL HEALTH INVESTORS INC Files SEC form 8-K, Other Events Aug 08 2016
Edited Transcript of NHI earnings conference call or presentation 5-Aug-16 4:00pm GMT Aug 05 2016
Q2 2016 National Health Investors Inc Earnings Release - Before Market Open Aug 05 2016
NHI Announces Third Quarter Dividend Aug 05 2016
NHI Announces Third Quarter Dividend Aug 05 2016
National Health Investors reports 2Q results Aug 05 2016
National Health Investors reports 2Q results Aug 05 2016
NATIONAL HEALTH INVESTORS INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and... Aug 05 2016
NATIONAL HEALTH INVESTORS INC Files SEC form 10-Q, Quarterly Report Aug 05 2016
NHI Announces Second Quarter 2016 Results Aug 05 2016
NHI And Bickford to Convert Joint Venture to Triple-Net Lease Aug 04 2016
REITs in Queue for Q2 Earnings: SNH, NHI, NYRT, DRH, XHR Aug 04 2016
What's in the Cards for Welltower (HCN) in Q2 Earnings? Jul 29 2016

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