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National Health Investors (NHI)

Incorporated in 1991, National Health Investors, Inc. is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

Company profile

Ticker
NHI
Exchange
Website
CEO
D. Eric Mendelsohn
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
NHI/REIT, Inc. • Florida Holdings • Inchin Along, LLC • NHI REIT of Alabama, L.P. • NHI-REIT of Arizona, Limited Partnership • NHI-REIT of California, LP • NHI/REIT of Florida, L.P. • NHI-REIT of Georgia, L.P. • NHI-REIT of Idaho, L.P. • NHI-REIT of Missouri, LP ...
IRS number
621470956

NHI stock data

Analyst ratings and price targets

Last 3 months

Calendar

8 Aug 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Sep 21 Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Aug 22 Adams Robert G Common Stock Buy Acquire P Yes No 65.93 1,500 98.9K 85,411
1 Jun 22 Colden Tracy M J Stock Options Nhi Common Stock Grant Acquire A No No 59.43 25,000 1.49M 25,000
25 Feb 22 W Andrew Adams Stock Option (Right to buy) 2022 Common Stock Grant Acquire A No No 53.41 25,000 1.34M 25,000
25 Feb 22 Robert A Mccabe JR Stock Option (Right to buy) 2022 Common Stock Grant Acquire A No No 53.41 25,000 1.34M 25,000
64.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 224 228 -1.8%
Opened positions 25 37 -32.4%
Closed positions 29 34 -14.7%
Increased positions 67 71 -5.6%
Reduced positions 86 81 +6.2%
13F shares Current Prev Q Change
Total value 1.75B 1.75B +0.2%
Total shares 28.59M 29.65M -3.6%
Total puts 29.9K 46.1K -35.1%
Total calls 62.7K 37.1K +69.0%
Total put/call ratio 0.5 1.2 -61.6%
Largest owners Shares Value Change
Vanguard 6.51M $394.77M +1.7%
BLK Blackrock 4.33M $262.58M +0.5%
STT State Street 2.19M $134.75M +0.3%
MCQEF Macquarie 1.36M $82.59M +0.0%
Westfield Capital Management 989.42K $59.97M +24.8%
Geode Capital Management 907.19K $54.99M -1.1%
BAC Bank Of America 823.95K $49.94M -7.3%
Lasalle Investment Management Securities 822.25K $49.84M -30.7%
BK Bank Of New York Mellon 749.05K $45.4M -8.4%
American Century Companies 711.53K $43.13M +1.1%
Largest transactions Shares Bought/sold Change
Lasalle Investment Management Securities 822.25K -364.15K -30.7%
LGEN Legal & General 0 -276.19K EXIT
Millennium Management 258.57K +255.04K +7218.8%
Northwood Liquid Management 450.38K -251.12K -35.8%
CMTDF Sumitomo Mitsui Trust 618.11K -238.38K -27.8%
NFJ Investment 0 -236.48K EXIT
Westfield Capital Management 989.42K +196.34K +24.8%
Vanguard 6.51M +109.15K +1.7%
Wellington Management 106.91K +106.91K NEW
Marshall Wace 0 -85.63K EXIT

Financial report summary

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Management Discussion
  • •Rental income recognized from our tenants decreased $28.4 million, or 41.5%, as a result of $5.7 million from properties disposed since April 1, 2021 offset by a reduction of rent concessions of approximately $7.0 million accounted for as either variable lease payments or as modified leases and by the recognition of the Holiday escrow deposit and new investments funded since June 2021. Included in rental income for the three months ended June 30, 2022 are write offs of $18.1 million of straight-line rents receivable and $7.1 million of lease incentives related to our Bickford master lease agreements. Reference Note 3 for further discussion.
  • •Funds received for reimbursement of property operating expenses totaled $2.2 million for the three months ended June 30, 2022, and are reflected as a component of rental income. These property operating expenses are recognized in operating expenses in the line item “Taxes and insurance on leased properties.” The decrease in the reimbursement income and corresponding property expenses is the result of decreased amounts received from tenants and expenses paid on their behalf.
  • •Resident fees and services and Senior housing operating expenses include revenues and expenses from our SHOP activities which commenced on April 1, 2022. See Note 5 to the condensed consolidated financial statements.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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