NHI
National Health Investors, Inc. Real Estate - REIT - Healthcare Facilities Investor Relations →
National Health Investors, Inc. (NHI) closed at $76.71 as of 2026-05-01, trading 27.6% above its 200-week moving average of $60.11. The stock is currently moving closer to the line, down from 28.4% last week. The 14-week RSI sits at 47, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.82 ratio) is neutral — neither side is clearly dominating.
Over the past 1755 weeks of data, NHI has crossed below its 200-week moving average 13 times. On average, these episodes lasted 25 weeks. Historically, investors who bought NHI at the start of these episodes saw an average one-year return of +29.2%.
With a market cap of $3.7 billion, NHI is a mid-cap stock. The company generates a free cash flow yield of 5.3%, which is healthy. Return on equity stands at 9.6%. The stock trades at 2.4x book value.
Share count has increased 11.3% over three years, indicating dilution.
Over the past 33.3 years, a hypothetical investment of $100 in NHI would have grown to $3240, compared to $2973 for the S&P 500. That represents an annualized return of 11.0% vs 10.7% for the index — confirming NHI as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 8.5% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NHI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NHI Crosses Below the Line?
Across 13 historical episodes, buying NHI when it crossed below its 200-week moving average produced an average return of +32.7% after 12 months (median +23.0%), compared to +18.2% for the S&P 500 over the same periods. 77% of those episodes were profitable after one year. After 24 months, the average return was +61.9% vs +41.2% for the index.
Each line shows $100 invested at the moment NHI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NHI has crossed below its 200-week MA 13 times with an average 1-year return of +29.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1998 | Sep 1998 | 8 | 9.2% | -12.2% | +1668.6% |
| Oct 1998 | Dec 2001 | 169 | 70.0% | -40.8% | +1631.6% |
| Jan 2002 | Jan 2002 | 1 | 1.4% | +19.5% | +2456.7% |
| Feb 2002 | Mar 2002 | 3 | 2.2% | +15.5% | +2535.1% |
| Nov 2008 | Dec 2008 | 3 | 25.8% | +90.1% | +1031.0% |
| Feb 2009 | Mar 2009 | 2 | 12.5% | +57.4% | +760.7% |
| May 2009 | May 2009 | 1 | 0.6% | +81.7% | +716.7% |
| Aug 2015 | Sep 2015 | 1 | 0.6% | +57.4% | +161.8% |
| Mar 2020 | Nov 2020 | 37 | 45.9% | +40.3% | +91.5% |
| Aug 2021 | Jun 2022 | 45 | 16.4% | +11.8% | +60.5% |
| Sep 2022 | Jan 2023 | 18 | 13.3% | -7.3% | +60.4% |
| Feb 2023 | Jul 2023 | 21 | 13.9% | +13.1% | +67.9% |
| Aug 2023 | Nov 2023 | 14 | 7.6% | +53.1% | +70.8% |
| Average | 25 | — | +29.2% | — |
Frequently Asked Questions
Is NHI below its 200-week moving average?
No. National Health Investors, Inc. (NHI) is currently 27.6% above its 200-week moving average of $60.11. It would need to fall to $60.11 to cross below the line.
What is NHI's 200-week moving average price?
National Health Investors, Inc.'s 200-week moving average is $60.11 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NHI drops below its 200-week moving average?
NHI has crossed below its 200-week moving average 13 times in our data. On average, buying at that moment produced a one-year return of +29.2%. These dips have historically been decent entry points. These episodes lasted 25 weeks on average.
Is NHI a good value right now?
Here's what our data says about NHI as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 47. Free cash flow yield is 5.3%. Return on equity is 9.6%. Price-to-book is 2.4x. This is not a buy or sell recommendation — always do your own research.
How does NHI compare to the S&P 500?
Over the past 33.3 years, $100 invested in NHI would have grown to $3240, compared to $2973 for the S&P 500. That's 11.0% annualized vs 10.7% for the index. NHI has outperformed the broader market over this period.
Does NHI pay a dividend?
Yes. National Health Investors, Inc. currently pays a dividend yield of 477.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01