NHI at a glance
NATIONAL HEALTH INVESTORS INC (NHI, SEC CIK 877860) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 27, 2026 and Form 4 insider filings as recently as July 30, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NATIONAL HEALTH INVESTORS INC (NHI) reported revenue of $80.1 million (up 47.1% from FY2024) and net income of $142.2 million. Diluted EPS was $3.02.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding NATIONAL HEALTH INVESTORS INC (NHI) shares worth $2.0 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by MCCABE ROBERT A JR on June 15, 2026 of 890 shares at $71.65 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $80.1M
- +47.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 30 funds
- $2.0B · −2 vs prior quarter
- Latest 8-K
- Aug 27, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Investment in healthcare real estate and selective investments in healthcare operators
- New emphasis on CMS final rule (Nov 2023) requiring Medicare/Medicaid SNFs to disclose ownership details publicly, increasing scrutiny on REITs and private equity
- Strategic risk focus on rising liability insurance costs and litigation exposure, including increased SNF liability claims and insurance restrictions in Texas and Florida
- Notable metric: Resident loan balance secured by Timber Ridge property at $7.7 million as of December 31, 2025, highlighting operational complexity of RIDEA joint venture
- Unusual fact: Potential material adverse impact if Timber Ridge OpCo consolidation is required, due to accounting treatment of refundable entrance fees under Type A CCRC model
Risk Factors
- Regulatory risk from recent tax law OBBBA effective 2025; increases REIT TRS asset test from 20% to 25% and affects interest deduction limits
- Geopolitical/macro risk: Exposure to operators under financial distress, e.g., Bickford’s non-performing mezzanine loan of $1.3M and going concern doubts
- Operational vulnerability: Reliance on third-party managers for SHOP segment operations, dependent on their personnel/resources and regulatory compliance
- Competitive risk: Lease renewal uncertainty with NHC, a major tenant of 32 SNFs and 3 ILFs, currently in default on non-monetary lease provisions
- Financial risk: Tenant concentration with Senior Living group accounting for 14.7% of revenues and $9M outstanding revolving credit as of 12/31/2025
Management Discussion & Analysis
- No forward-looking guidance or risk disclosures available in excerpt
AI summary of the NHI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Six-month NOI $168.977M vs $152.908M YoY, up $16.069M
- Best segment Real Estate Investments, NOI $149.064M versus SHOP $19.913M
- NHC portfolio sale completed July 1 for $560.0M cash consideration
- Acquisitions totaled $229.886M; dispositions generated $98.461M net proceeds
- Headwinds: inflation, interest rates, tenant financial difficulties, and reimbursement changes
Risk Factors
- New risk: NHC property-sale proceeds may not generate comparable returns after redeployment
- Redeployment risk: Suitable investments, market conditions, competition, and cost of capital may constrain reinvestment
- Operational risk: Inability to replace sold NHC assets could adversely impact results of operations
- Regulatory and compliance risks: No material changes from the 10-K disclosed
AI summary of the NHI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Christian Maingot received change-in-control protection effective August 27, 2026
- Termination without Cause or for Good Reason triggers benefits within two years after a Change in Control
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 earnings release covers the quarter ended June 30, 2026
- Press release issued August 10, 2026 and filed as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 diluted EPS rose 45.6% to $1.15, but normalized FFO declined 2.5% to $1.19, signaling earnings growth was disposition-driven
- NHC portfolio sale closed July 1 for $560.0 million, expected gain approximately $541.6 million, materially strengthening liquidity and leverage
Item EX-99.1: Item EX-99.1
- Investor update issued August 10, 2026, with substantive details available through NHI’s investor presentations and webcasts page
- Update likely relevant to senior-housing and medical-facility real-estate performance, financing, and capital-allocation expectations
AI summaries of NHI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NHI
Don't miss the next NHI filing
- Alerts as it files. A push when NHI files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut NHI, by share count.
- Ask anything. An AI agent that reads every NHI filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Maingot Christian Ken | A | Jul 27, 2026 | 2,370 | - |
| MCCABE ROBERT A JR | Buy | Jun 15, 2026 | 890 | $71.65 |
| Jobe James R | G | Jun 5, 2026 | 225 | - |
| Mendelsohn D. Eric | Buy | Jun 5, 2026 | 1,500 | $68.84 |
| Mendelsohn D. Eric | F | May 5, 2026 | 394 | $73.09 |
| Spaid John L | F | May 5, 2026 | 314 | $73.09 |
| Travis David L | F | May 5, 2026 | 282 | $73.09 |
| Todd Candice W | A | Mar 3, 2026 | 1,268 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $48.8M | $54.4M | $80.1M |
| Net Income | $135.7M | $138.0M | $142.2M |
| Net Margin | 277.9% | 253.6% | 177.6% |
| Balance Sheet | |||
| Total Assets | - | $2.6B | $2.8B |
| Equity | $1.3B | $1.4B | $1.5B |
| ROE | 10.8% | 10.1% | 9.3% |
| Per Share | |||
| EPS | $3.13 | $3.13 | $3.02 |
| Cash Flow | |||
| Operating CF | $184.4M | $207.8M | $236.6M |
| CapEx | $49.6M | $157.9M | $294.0M |
Source: XBRL data in NATIONAL HEALTH INVESTORS INC (NHI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NHI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $2.04B |
| Q1 2026 | 32 | $1.78B |
| Q4 2025 | 28 | $1.62B |
| Q3 2025 | 29 | $1.85B |
| Q2 2025 | 31 | $1.46B |
| Q1 2025 | 26 | $1.06B |
| Q4 2024 | 22 | $926.7M |
| Q3 2024 | 19 | $509.1M |
- BlackRock+3.93M (+82%)
- BNY Mellon+1.09M (+212%)
- State Street Corp+761.5K (+39%)
- Vanguard Portfolio Management LLC+488.4K (+12%)
- Principal Financial Group+276.2K (+16%)
- Prudential Financial−880.1K (-77%)
- Millennium Management−683.0K (-90%)
- JPMorgan Chase & Co−571.2K (-58%)
- Two Sigma Investments−84.6K (-20%)
- Dimensional Fund Advisors−10.5K (-2%)
- D.E. Shaw & Co−10.5K
- TOMPKINS FINANCIAL CORP−330
Source: 13F-HR filings on SEC EDGAR (aggregated from 217 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NHI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 27, 2026 | - | Analysis | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| SC 13G | Aug 7, 2026 | - | - | |
| 4 | Jul 30, 2026 | - | - | - |
| 8-K | Jul 27, 2026 | - | Analysis | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 8-K | May 29, 2026 | - | Analysis | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 8-K | May 4, 2026 | - | Analysis | - |
| 8-K | May 4, 2026 | - | Analysis | - |
| 8-K | May 4, 2026 | - | Analysis | - |
| 10-Q | May 4, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 23, 2026 | - | - | - |
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NHI SEC filings: frequently asked questions
Which institutions hold NHI stock?
As of June 30, 2026, the largest NATIONAL HEALTH INVESTORS INC (NHI) holders among the 13F filers tracked by SignalX were BlackRock ($666.0 million), Vanguard Portfolio Management LLC ($353.1 million), State Street Corp ($211.1 million), Vanguard Capital Management LLC ($160.1 million), Principal Financial Group ($150.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NHI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NATIONAL HEALTH INVESTORS INC (NHI) reported revenue of $80.1 million (up 47.1% from FY2024) and net income of $142.2 million. Diluted EPS was $3.02. The figures come from the XBRL data in the 10-K.
What are the main risks in NHI's latest 10-K?
In the 10-K filed February 26, 2026, NATIONAL HEALTH INVESTORS INC (NHI) flagged: Regulatory risk from recent tax law OBBBA effective 2025; increases REIT TRS asset test from 20% to 25% and affects interest deduction limits. Geopolitical/macro risk: Exposure to operators under financial distress, e.g., Bickford’s non-performing mezzanine loan of $1.3M and going concern doubts. (AI summary of the Risk Factors section.)
What did NHI report in its latest 8-K?
NATIONAL HEALTH INVESTORS INC (NHI) filed an 8-K on August 27, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Christian Maingot received change-in-control protection effective August 27, 2026.
What are the latest NHI SEC filings?
NATIONAL HEALTH INVESTORS INC (NHI) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 27, 2026 and a Form 4 insider filing on July 30, 2026.
What is NHI's SEC CIK number?
NATIONAL HEALTH INVESTORS INC (NHI)'s SEC Central Index Key (CIK) is 877860. EDGAR lists every NHI filing under that number.
Ask anything about NHI
The research agent reads NHI's filings, financials, insider trades and 13F holders, then answers with sources.