Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Group 1: Company Overview - National Health Investors (NHI) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - NHI has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Group 2: Price Performance - Over the past week, NHI shares increased by 5.84%, outperforming the Zacks REIT and Equity Trust - Other industry, which rose by 3.92% [6] - In a longer timeframe, NHI shares have risen by 24.15% over the past quarter and 57.29% over the last year, significantly outperforming the S&P 500's gains of 8.19% and 26.56%, respectively [7] Group 3: Trading Volume - NHI's average 20-day trading volume is 259,269 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - In the past two months, two earnings estimates for NHI have been revised upwards, increasing the consensus estimate from $4.40 to $4.52 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions, indicating positive earnings momentum [10]

Financial Data and Key Metrics Changes - The second quarter exceeded forecasts, marking the fourth consecutive quarter of outperformance, driven by stable cash collections, steady deferral repayments, and improving operator fundamentals [4][6] - Normalized FFO per share increased by 11.4% year-over-year, while total dollar FAD rose by 16.1% [6][17] - Net income per diluted common share for Q2 2024 was $0.81, down from $0.92 in the same period last year, but up 14.1% sequentially [16] Business Line Data and Key Metrics Changes - Senior housing operating portfolio (SHOP) NOI increased by 39.9% year-over-year to approximately $3 million, with occupancy improving to 87% from 75.5% [7][13] - The discretionary senior housing portfolio's coverage improved to 1.6 times, driven by performance improvements at various operators [12] - EBITDARM coverage for need-driven operators improved to 1.38 times, with Bickford's coverage at 1.67 times [10][13] Market Data and Key Metrics Changes - The company has sourced investment opportunities totaling over $1.8 billion, with board-approved signed LOIs of $155.4 million expected to close this year [4][5] - The investment pipeline includes approximately $270 million, primarily targeting senior housing assets and fee-simple real estate [5][9] Company Strategy and Development Direction - The company is focused on returning to pre-pandemic acquisition growth levels, with a strong emphasis on external investment activity as a significant driver of cash flow growth [5][8] - The updated guidance reflects a midpoint normalized FFO per share growth of 4.8% and a midpoint FAD growth of 7% compared to 2023 [7][24] - The company is agnostic to short-term economic fluctuations, believing it is positioned to succeed through all business cycle stages [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of the senior housing market, supported by favorable demographic trends [8] - The company is optimistic about its future, indicating it is in the early stages of exceptional growth for several years to come [8] - Management noted that the timing of investments and rent resets will depend on operators' ability to improve their NOIs [34] Other Important Information - The company declared a $0.90 per share dividend for shareholders of record on September 27, 2024, payable on November 1, 2024 [20] - The balance sheet remains strong, with a net debt to adjusted EBITDA ratio of 4.2 times, well within the stated leverage policy [21][22] Q&A Session Summary Question: Will Blueprint look for replacement tenants for NHC? - Management confirmed that it is within Blueprint's scope to look for replacement tenants, with NHC having the right to renew the lease at market rates [27] Question: What are the main assumptions driving the expected deceleration in SHOP growth? - Management indicated that improvements in portfolio optimization and cash basis tenants are driving growth, with continued expectations for improvements over the prior year [28] Question: Are LOIs included in guidance? - Management clarified that guidance does not include effects from LOIs, only closed transactions are reflected [29] Question: Is FAD growth a moving target due to rent deferral repayments? - Management acknowledged that while FAD growth is influenced by deferral repayments, there are various organic opportunities contributing to growth [32] Question: What is the source of the $1.8 billion investment pipeline? - Management explained that the $1.8 billion represents a universe of opportunities being evaluated, including relationships built over the years and current market conditions [37][38] Question: How is the $270 million investment pipeline structured? - Management indicated that the pipeline is skewed towards fee-simple investments, with a focus on need-driven senior housing [40] Question: How does the company plan to manage leverage as the pipeline builds? - Management emphasized the importance of maintaining liquidity and investment-grade credit rating while being proactive in managing capital needs [52][53]

National Health Investors (NHI) came out with quarterly funds from operations (FFO) of $1.18 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to FFO of $1.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 7.27%. A quarter ago, it was expected that this health care real estate investment trust would post FFO of $1.05 per share when it actually produced FFO of $1.10, delivering a surprise of 4.76%. ...

On our last update on National Health Investors, Inc. (NYSE:NHI) we saw some green shoots that were working well for the REIT. We even preferred NHI over some other REITs in the sector. NHI has navigated the COVID-19 problems quite well. If you look at total FFO lost from pre-COVID-19 levels, you can see that NHI lost about 20% of its pre-COVID-19 FFO. Ventas (VTR) by comparison has lost about 24%. Sabra Health Care (SBRA) has lost closer to 30%. What's most impressive though for NHI is that its debt to EBI ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. You can see the current list of Zacks #1 Rank Stocks here >>> Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the c ...

Company Overview - National Health Investors (NHI) currently holds a Momentum Style Score of A, indicating strong potential as a momentum pick in the healthcare real estate investment trust sector [2][3][14] Price Performance - NHI shares have increased by 0.47% over the past week, while the Zacks REIT and Equity Trust - Other industry has decreased by 0.2% during the same period [4] - Over the past month, NHI's price change is 3.59%, significantly outperforming the industry's 0.08% [4] - In the last quarter, NHI shares have risen by 13.93%, and over the past year, they have gained 29%, compared to the S&P 500's increases of 4.8% and 26.94%, respectively [12] Earnings Estimates - In the last two months, three earnings estimates for NHI have been revised upwards, with the consensus estimate increasing from $4.33 to $4.40 for the full year [11] - For the next fiscal year, three estimates have also moved higher, with no downward revisions during the same period [11] Trading Volume - NHI's average 20-day trading volume is 131,543 shares, which serves as a bullish indicator when combined with rising stock prices [10] Investment Outlook - NHI is rated as a 2 (Buy) stock and has a Momentum Score of A, making it a strong candidate for investors looking for short-term gains [8][14]

Monty Rakusen Dear readers/followers, I invest in and cover a lot of different REITs and real estate companies. One of the companies I have covered and have a small position in since earlier is the REIT National Health Investors (NYSE:NHI). Unfortunately for me, this is not a very large position - simply because I believe that there are better alternatives for conservative investment out there. That is not to say that this company is in any way a "bad" investment or potential option - but there are chal ...

For the quarter ended March 2024, National Health Investors (NHI) reported revenue of $81.51 million, down 1.1% over the same period last year. EPS came in at $1.10, compared to $0.79 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $79.36 million, representing a surprise of +2.71%. The company delivered an EPS surprise of +4.76%, with the consensus EPS estimate being $1.05.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

• Net income attributable to common stockholders per diluted common share for the three months ended March 31, 2024 was $0.71 compared to $0.79 during the same period in the prior year. • National Association of Real Estate Investment Trusts ("NAREIT") FFO per diluted common share for the three months ended March 31, 2024 was $1.10 compared to $1.16 during the same period in the prior year. • Normalized FFO per diluted common share for the three months ended March 31, 2024 was $1.12 compared to $1.11 during ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) Commission File Number 001-10822 National Health Investors, Inc. (Exact name of registrant as specified in its charter) Maryland 62-1470956 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 222 Robert Rose Drive Murfreesboro Tennessee 37129 (Address of principal executive offices) (Zip Code) (615) 890-9100 (Registrant's telephone number, including area code) Securiti ...