National Health Investors price target lowered to $76 from $80 at Wells Fargo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
0mins
Should l Buy NHI?
Analyst Rating Update: Wells Fargo analyst John Kilichowski has reduced the price target for National Health Investors from $80 to $76 while maintaining an Equal Weight rating on the shares.
Market Adjustments: The adjustment in price targets is part of a broader reevaluation across Healthcare and Net Leasing REITs based on AFFO yield spread regression analyses and updated NAVs.
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Analyst Views on NHI
Wall Street analysts forecast NHI stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 81.750
Low
77.00
Averages
85.43
High
90.00
Current: 81.750
Low
77.00
Averages
85.43
High
90.00
About NHI
National Health Investors, Inc. is a real estate investment trust. The Company specializes in sales, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. It operates through two segments: Real Estate Investments and Senior Housing Operating Portfolio (SHOP). The Real Estate Investments segment consists of real estate investments, leases, and mortgage and other notes receivables in independent living facilities, assisted living facilities, entrance-fee communities, senior living campuses, skilled nursing facilities and a hospital. It has approximately 193 healthcare real estate properties located in 33 states and leased primarily pursuant to triple-net leases to 27 tenants. The SHOP segment is comprised of two ventures that own the operations of independent living facilities. This segment has over 15 properties located in eight states with a combined 1,732 units.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NATIONAL HEALTH INVESTORS, INC.: WELLS FARGO INCREASES TARGET PRICE FROM $85 TO $86
Wells Fargo Target Price Increase: Wells Fargo has raised the target price for National Health Investors, Inc. from $85 to $86.
Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the healthcare investment sector.
See More
National Health Investors (NHI) Q4 Conference Call Transcript
See More
National Health Investors Q4 2025 Earnings Call Highlights
- Strong Financial Performance: In Q4 2025, National Health Investors reported an 8.9% growth in normalized FFO per share to $1.22, with a full-year increase of 10.6% to $4.91, exceeding initial guidance midpoints, indicating the company's stability and growth potential in the market.
- Active Investment Activity: Total investments for 2025 reached $392 million, marking the most active year since 2016, with $218 million invested in Q4, reflecting the company's strong commitment and confidence in expanding its SHOP platform.
- Significant SHOP Growth: The SHOP platform's net operating income surged 125% year-over-year to $7.3 million, demonstrating robust performance in the senior housing market and future growth potential, with management projecting 70% of 2026 investments to focus on this platform.
- New Board Member: National Health Investors appointed Lilly Donohue, former CEO of Holiday Retirement, to its Board, bringing extensive experience and skills that are expected to provide fresh perspectives and strategic guidance in senior housing operations.
See More
NHI Declares Quarterly Dividend of $0.92 per Share
- Dividend Declaration: National Health Investors (NHI) has declared a quarterly dividend of $0.92 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Yield Overview: The forward yield of 4.2% provides investors with a relatively attractive return, reflecting the company's competitiveness in the current market environment.
- Payment Schedule: The dividend will be payable on May 1, with a record date of March 31 and an ex-dividend date also set for March 31, ensuring shareholders receive their earnings promptly.
- Investor Interest: NHI's dividend performance is closely tied to its dividend scorecard, yield chart, and dividend growth trends, attracting attention from income-seeking investors.
See More
National Health Investors Declares Quarterly Dividend of $0.92
- Quarterly Dividend Announcement: National Health Investors (NHI) declares a quarterly dividend of $0.92 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategies that are likely to bolster investor confidence.
- Earnings and Revenue Performance: NHI reports a funds from operations (FFO) of $1.22 per share, meeting expectations, while revenue of $105.8 million exceeds market forecasts by $10.68 million, demonstrating strong performance in the senior housing sector.
- Acquisition Expansion: NHI acquires nine senior housing properties for $105.5 million, further solidifying its position in the rapidly growing senior housing market, which is expected to support future revenue growth.
- Dividend Yield: The forward yield of 4.2% from this dividend reflects the company's attractiveness in the current market environment, potentially drawing more attention from investors seeking stable income.
See More
National Health Investors Acquires Nine Properties for $105.5M
- Acquisition Scale: National Health Investors (NHI) has invested $105.5 million to acquire nine properties across Kentucky, South Carolina, and Tennessee, encompassing 460 units, demonstrating its commitment to expanding in the senior housing market.
- Follow-up Investment Plans: NHI expects to invest an additional $3.3 million in the first year post-acquisition to enhance operational efficiency and service quality, thereby strengthening its position in a competitive market.
- Yield Expectations: The properties are projected to generate an initial NOI yield of approximately 8.0%, decreasing to 7.6% after routine capital expenditures, which will provide robust support for NHI's financial performance.
- Future Investment Pipeline: NHI is evaluating an incremental investment pipeline of around $250 million focused on senior housing, further solidifying its leadership in the market and positioning itself to capitalize on the upcoming senior housing supercycle.
See More
NATIONAL HEALTH INVESTORS, INC.: WELLS FARGO INCREASES TARGET PRICE FROM $85 TO $86
Wells Fargo Target Price Increase: Wells Fargo has raised the target price for National Health Investors, Inc. from $85 to $86.
Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the healthcare investment sector.
See More
National Health Investors (NHI) Q4 Conference Call Transcript
See More
National Health Investors Q4 2025 Earnings Call Highlights
- Strong Financial Performance: In Q4 2025, National Health Investors reported an 8.9% growth in normalized FFO per share to $1.22, with a full-year increase of 10.6% to $4.91, exceeding initial guidance midpoints, indicating the company's stability and growth potential in the market.
- Active Investment Activity: Total investments for 2025 reached $392 million, marking the most active year since 2016, with $218 million invested in Q4, reflecting the company's strong commitment and confidence in expanding its SHOP platform.
- Significant SHOP Growth: The SHOP platform's net operating income surged 125% year-over-year to $7.3 million, demonstrating robust performance in the senior housing market and future growth potential, with management projecting 70% of 2026 investments to focus on this platform.
- New Board Member: National Health Investors appointed Lilly Donohue, former CEO of Holiday Retirement, to its Board, bringing extensive experience and skills that are expected to provide fresh perspectives and strategic guidance in senior housing operations.
See More
NHI Declares Quarterly Dividend of $0.92 per Share
- Dividend Declaration: National Health Investors (NHI) has declared a quarterly dividend of $0.92 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Yield Overview: The forward yield of 4.2% provides investors with a relatively attractive return, reflecting the company's competitiveness in the current market environment.
- Payment Schedule: The dividend will be payable on May 1, with a record date of March 31 and an ex-dividend date also set for March 31, ensuring shareholders receive their earnings promptly.
- Investor Interest: NHI's dividend performance is closely tied to its dividend scorecard, yield chart, and dividend growth trends, attracting attention from income-seeking investors.
See More
National Health Investors Declares Quarterly Dividend of $0.92
- Quarterly Dividend Announcement: National Health Investors (NHI) declares a quarterly dividend of $0.92 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategies that are likely to bolster investor confidence.
- Earnings and Revenue Performance: NHI reports a funds from operations (FFO) of $1.22 per share, meeting expectations, while revenue of $105.8 million exceeds market forecasts by $10.68 million, demonstrating strong performance in the senior housing sector.
- Acquisition Expansion: NHI acquires nine senior housing properties for $105.5 million, further solidifying its position in the rapidly growing senior housing market, which is expected to support future revenue growth.
- Dividend Yield: The forward yield of 4.2% from this dividend reflects the company's attractiveness in the current market environment, potentially drawing more attention from investors seeking stable income.
See More
National Health Investors Acquires Nine Properties for $105.5M
- Acquisition Scale: National Health Investors (NHI) has invested $105.5 million to acquire nine properties across Kentucky, South Carolina, and Tennessee, encompassing 460 units, demonstrating its commitment to expanding in the senior housing market.
- Follow-up Investment Plans: NHI expects to invest an additional $3.3 million in the first year post-acquisition to enhance operational efficiency and service quality, thereby strengthening its position in a competitive market.
- Yield Expectations: The properties are projected to generate an initial NOI yield of approximately 8.0%, decreasing to 7.6% after routine capital expenditures, which will provide robust support for NHI's financial performance.
- Future Investment Pipeline: NHI is evaluating an incremental investment pipeline of around $250 million focused on senior housing, further solidifying its leadership in the market and positioning itself to capitalize on the upcoming senior housing supercycle.
See More
