NHINYSEReal Estate Investment TrustsFiscal year ends December 31
NATIONAL HEALTH INVESTORS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$64.70−1.58 (-2.38%)
Close on Oct 19, 2026
- Market cap
- $3.14B
- P/E (TTM)
- 18.7
- Dividend yield
- 5.38%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
77.7%
38M of 49M shares
Institutional holders
303
42 new, 54 sold out
Net institutional buying
4M
In Q2 2026
Insider trades, 12 months
2 buys · 0 sales
Net bought $167.03K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 8,523,688 | 17.60% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Portfolio Management | 4,165,449 | 8.60% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | 2,735,937 | 5.60% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 2,475,671 | 5.11% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NHI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 8,733,237 | 17.78% | $666.00M | +3,926,380 | 0.01% |
| Vanguard Portfolio Management LLC | 4,630,646 | 9.43% | $353.13M | +488,430 | 0.02% |
| State Street Corp | 2,735,937 | 5.57% | $211.13M | +761,547 | 0.01% |
| Vanguard Capital Management LLC | 2,099,145 | 4.27% | $160.08M | +14,525 | 0.00% |
| Principal Financial Group Inc | 1,977,094 | 4.03% | $150.77M | +276,186 | 0.07% |
| Bank of New York Mellon Corp | 1,606,463 | 3.27% | $122.51M | +1,091,732 | 0.02% |
| Geode Capital Management, LLC | 1,402,775 | 2.86% | $106.99M | +91,535 | 0.01% |
| Bank Of America Corp /De/ | 1,019,379 | 2.08% | $77.74M | +26,577 | 0.01% |
| Charles Schwab Investment Management Inc | 880,321 | 1.79% | $67.13M | +54,330 | 0.01% |
| Nomura Asset Management International Inc. | 870,365 | 1.77% | $66.37M | −26,937 | 0.10% |
| Dimensional Fund Advisors LP | 675,739 | 1.38% | $51.53M | −10,510 | 0.01% |
| Norges Bank | 672,355 | 1.37% | $51.27M | New | 0.01% |
| Northern Trust Corp | 608,688 | 1.24% | $46.42M | +45,841 | 0.01% |
| Morgan Stanley | 444,043 | 0.90% | $33.86M | +64,157 | 0.00% |
| JPMorgan Chase & Co | 415,413 | 0.85% | $32.40M | −571,179 | 0.00% |
| UBS Group AG | 396,229 | 0.81% | $30.22M | +268,595 | 0.00% |
| Two Sigma Investments, LP | 335,445 | 0.68% | $25.58M | −84,629 | 0.02% |
| GW&K Investment Management, LLC | 322,529 | 0.66% | $24.60K | −12,507 | 0.19% |
| Vanguard Fiduciary Trust Co | 321,018 | 0.65% | $24.48M | +9,275 | 0.01% |
| Legal & General Group Plc | 285,144 | 0.58% | $21.75M | +53,401 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 303 | 38M | 77.7% | 42 / 117 | 88 / 54 | 10M | 6M |
| Q1 2026 | 319 | 35M | 70.5% | 55 / 119 | 93 / 26 | 10M | 3M |
| Q4 2025 | 296 | 35M | 70.3% | 48 / 123 | 78 / 29 | 4M | 5M |
| Q3 2025 | 284 | 35M | 72.0% | 37 / 113 | 95 / 25 | 4M | 4M |
| Q2 2025 | 276 | 35M | 70.5% | 26 / 137 | 67 / 32 | 4M | 1M |
| Q1 2025 | 285 | 32M | 64.6% | 43 / 103 | 98 / 31 | 2M | 2M |
| Q4 2024 | 277 | 31M | 63.2% | 37 / 112 | 82 / 37 | 3M | 2M |
| Q3 2024 | 283 | 30M | 61.5% | 68 / 85 | 91 / 15 | 8M | 1M |
| Q2 2024 | 231 | 28M | 56.3% | 34 / 82 | 76 / 22 | 2M | 2M |
| Q1 2024 | 221 | 28M | 56.3% | 34 / 76 | 74 / 21 | 1M | 1M |
| Q4 2023 | 211 | 28M | 56.1% | 25 / 75 | 74 / 22 | 2M | 2M |
| Q3 2023 | 209 | 27M | 54.8% | 17 / 76 | 73 / 17 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NHI | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,880,051 | 5.86% | $219.63M | 0.20% | Jun 30, 2026 |
| Vanguard Real Estate Index Fund | 1,750,854 | 3.57% | $134.20M | 0.18% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 1,459,676 | 2.97% | $111.31M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,247,631 | 2.54% | $95.14M | 0.11% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,057,147 | 2.15% | $80.62M | 0.04% | Jun 30, 2026 |
| Real Estate Securities Fund | 840,085 | 1.71% | $64.39M | 0.92% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 668,967 | 1.36% | $51.02M | 0.08% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 554,654 | 1.13% | $42.30M | 0.04% | Jun 30, 2026 |
| Nomura Small Cap Value Fund | 548,854 | 1.12% | $40.23M | 1.16% | May 29, 2026 |
| Fidelity Small Cap Index Fund | 534,972 | 1.09% | $41.01M | 0.12% | Jul 31, 2026 |
| BNY Mellon Global Infrastructure Income ETF | 523,376 | 1.07% | $40.12M | 3.06% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 459,305 | 0.94% | $35.03M | 0.24% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 445,000 | 0.91% | $33.94M | 0.20% | Jun 30, 2026 |
| Schwab U.S. REIT ETF | 337,242 | 0.69% | $24.72M | 0.25% | May 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 307,320 | 0.63% | $23.56M | 0.21% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| D. Eric Mendelsohn | CEO and President, Director | 133,316 | 0.27% | Jun 5, 2026 |
| Christian Ken Maingot | Chief Operating Officer | 2,370 | 0.00% | Jul 30, 2026 |
| Todd Michael Siefert | Chief Financial Officer | 3,048 | 0.01% | Jul 2, 2026 |
| John L. Spaid | CFO/EVP Finance | 56,287 | 0.11% | May 7, 2026 |
| David L. Travis | SVP/Chief Accounting Officer | 40,565 | 0.08% | May 7, 2026 |
| Kevin Carlton Pascoe | Chief Investment Officer | 73,082 | 0.15% | Mar 30, 2026 |
| Elizabeth Jackson Blankenship | SVP, Legal Affairs | 2,420 | 0.00% | Mar 30, 2026 |
| Kristin Sallee Gaines | SVP/Chief Transaction Officer | 80,277 | 0.16% | Feb 3, 2026 |
| Robert A. McCabe Jr | Director | 44,159 | 0.09% | Jun 15, 2026 |
| James R. Jobe | Director | 33,272 | 0.07% | Jun 9, 2026 |
| Candice W. Todd | Director | 2,563 | 0.01% | Mar 5, 2026 |
| Tracy M. J. Colden | Director | 12,858 | 0.03% | Mar 5, 2026 |
| Lilly Donohue | Director | 1,268 | 0.00% | Mar 5, 2026 |
| Robert Chapin | Director | 1,268 | 0.00% | Mar 5, 2026 |
| Robert G. Adams | Director | 597,644 | 1.22% | Jan 29, 2026 |
| Charlotte A. Swafford | Director | 135,185 | 0.28% | Dec 11, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Christian Ken Maingot Chief Operating Officer | Jul 27, 2026 | Award | +2,370 | – | – | 2,370 |
| Robert A. McCabe Jr Director | Jun 15, 2026 | Buy | +890 | $71.65 | $63.77K | 44,159 |
| James R. Jobe Director | Jun 5, 2026 | Gift | −225 | – | – | 33,272 |
| D. Eric Mendelsohn CEO and President, Director | Jun 5, 2026 | Buy | +1,500 | $68.84 | $103.26K | 133,316 |
| John L. Spaid CFO/EVP Finance | May 5, 2026 | Tax withholding | −314 | $73.09 | $22.95K | 56,287 |
| D. Eric Mendelsohn CEO and President, Director | May 5, 2026 | Tax withholding | −394 | $73.09 | $28.80K | 131,816 |
| David L. Travis SVP/Chief Accounting Officer | May 5, 2026 | Tax withholding | −282 | $73.09 | $20.61K | 40,565 |
| John L. Spaid CFO/EVP Finance | Mar 3, 2026 | Award | +5,072 | – | – | 56,601 |
| Kevin Carlton Pascoe Chief Investment Officer | Mar 3, 2026 | Award | +4,726 | – | – | 73,082 |
| Robert A. McCabe Jr Director | Mar 3, 2026 | Award | +1,268 | – | – | 43,269 |
| Tracy M. J. Colden Director | Mar 3, 2026 | Award | +1,268 | – | – | 12,858 |
| James R. Jobe Director | Mar 3, 2026 | Award | +1,268 | – | – | 1,268 |
| Robert Chapin Director | Mar 3, 2026 | Award | +1,268 | – | – | 1,268 |
| John L. Spaid CFO/EVP Finance | Mar 3, 2026 | Tax withholding | −511 | $86.75 | $44.33K | 54,849 |
| John L. Spaid CFO/EVP Finance | Mar 3, 2026 | Option exercise | +15,000 | $73.34 | $1.10M | 69,849 |
| John L. Spaid CFO/EVP Finance | Mar 3, 2026 | Award | +4,726 | – | – | 55,360 |
| John L. Spaid CFO/EVP Finance | Mar 3, 2026 | Tax withholding | −13,594 | $86.75 | $1.18M | 56,255 |
| Kevin Carlton Pascoe Chief Investment Officer | Mar 3, 2026 | Award | +5,072 | – | – | 73,428 |
| David L. Travis SVP/Chief Accounting Officer | Mar 3, 2026 | Tax withholding | −411 | $86.75 | $35.65K | 40,847 |
| David L. Travis SVP/Chief Accounting Officer | Mar 3, 2026 | Award | +3,458 | – | – | 41,258 |
| Lilly Donohue Director | Mar 3, 2026 | Award | +1,268 | – | – | 1,268 |
| Elizabeth Jackson Blankenship SVP, Legal Affairs | Mar 3, 2026 | Award | +2,420 | – | – | 2,420 |
| Candice W. Todd Director | Mar 3, 2026 | Award | +1,268 | – | – | 2,563 |
| D. Eric Mendelsohn CEO and President, Director | Mar 3, 2026 | Award | +14,409 | – | – | 132,807 |
| D. Eric Mendelsohn CEO and President, Director | Mar 3, 2026 | Tax withholding | −597 | $86.75 | $51.79K | 132,210 |
| David L. Travis SVP/Chief Accounting Officer | Feb 23, 2026 | Option exercise | +8,334 | $57.76 | $481.37K | 57,122 |
| David L. Travis SVP/Chief Accounting Officer | Feb 23, 2026 | Option exercise | +8,333 | $57.76 | $481.31K | 40,455 |
| David L. Travis SVP/Chief Accounting Officer | Feb 23, 2026 | Option exercise | +8,333 | $57.76 | $481.31K | 48,788 |
| David L. Travis SVP/Chief Accounting Officer | Feb 23, 2026 | Tax withholding | −19,322 | $90.03 | $1.74M | 37,800 |
| Kevin Carlton Pascoe Chief Investment Officer | Feb 23, 2026 | Tax withholding | −6,409 | $90.03 | $577.00K | 68,356 |
| Kevin Carlton Pascoe Chief Investment Officer | Feb 23, 2026 | Option exercise | +8,500 | $57.76 | $490.96K | 74,765 |
| D. Eric Mendelsohn CEO and President, Director | Feb 23, 2026 | Tax withholding | −194 | $90.03 | $17.47K | 118,398 |
| D. Eric Mendelsohn CEO and President, Director | Feb 23, 2026 | Tax withholding | −10,192 | $90.03 | $917.59K | 118,592 |
| D. Eric Mendelsohn CEO and President, Director | Feb 23, 2026 | Option exercise | +13,334 | $57.76 | $770.17K | 128,784 |
| John L. Spaid CFO/EVP Finance | Feb 23, 2026 | Tax withholding | −6,312 | $90.03 | $568.27K | 50,870 |
| John L. Spaid CFO/EVP Finance | Feb 23, 2026 | Option exercise | +8,500 | $57.76 | $490.96K | 57,182 |
| John L. Spaid CFO/EVP Finance | Feb 23, 2026 | Tax withholding | −236 | $90.03 | $21.25K | 50,634 |
| Tracy M. J. Colden Director | Feb 19, 2026 | Option exercise | +10,000 | $73.34 | $733.40K | 19,857 |
| Tracy M. J. Colden Director | Feb 19, 2026 | Tax withholding | −8,267 | $88.72 | $733.45K | 11,590 |
| D. Eric Mendelsohn CEO and President, Director | Feb 17, 2026 | Tax withholding | −22,055 | $91.02 | $2.01M | 115,450 |
| D. Eric Mendelsohn CEO and President, Director | Feb 17, 2026 | Option exercise | +25,000 | $73.34 | $1.83M | 137,505 |
| James R. Jobe Director | Feb 17, 2026 | Tax withholding | −8,058 | $91.02 | $733.44K | 33,497 |
| James R. Jobe Director | Feb 17, 2026 | Option exercise | +10,000 | $73.34 | $733.40K | 41,555 |
| Robert A. McCabe Jr Director | Feb 12, 2026 | Option exercise | +10,000 | $73.34 | $733.40K | 50,181 |
| Robert A. McCabe Jr Director | Feb 12, 2026 | Tax withholding | −8,180 | $89.66 | $733.42K | 42,001 |
| Kevin Carlton Pascoe Chief Investment Officer | Feb 11, 2026 | Tax withholding | −13,463 | $88.25 | $1.19M | 66,265 |
| Kevin Carlton Pascoe Chief Investment Officer | Feb 11, 2026 | Option exercise | +15,000 | $73.34 | $1.10M | 79,728 |
| David L. Travis SVP/Chief Accounting Officer | Feb 9, 2026 | Option exercise | +8,333 | $54.73 | $456.07K | 52,656 |
| David L. Travis SVP/Chief Accounting Officer | Feb 9, 2026 | Option exercise | +8,334 | $54.73 | $456.12K | 60,990 |
| David L. Travis SVP/Chief Accounting Officer | Feb 9, 2026 | Tax withholding | −28,868 | $85.10 | $2.46M | 32,122 |
| David L. Travis SVP/Chief Accounting Officer | Feb 9, 2026 | Option exercise | +8,333 | $54.73 | $456.07K | 44,323 |
| David L. Travis SVP/Chief Accounting Officer | Feb 9, 2026 | Option exercise | +2,404 | $53.41 | $128.40K | 26,194 |
| David L. Travis SVP/Chief Accounting Officer | Feb 9, 2026 | Option exercise | +9,796 | $53.41 | $523.20K | 35,990 |
| Candice W. Todd Director | Feb 5, 2026 | Tax withholding | −8,705 | $84.26 | $733.48K | 1,295 |
| Candice W. Todd Director | Feb 5, 2026 | Option exercise | +10,000 | $73.34 | $733.40K | 10,000 |
| Kristin Sallee Gaines SVP/Chief Transaction Officer | Feb 1, 2026 | Option exercise | +18,333 | $53.41 | $979.17K | 80,277 |
| Kristin Sallee Gaines SVP/Chief Transaction Officer | Feb 1, 2026 | Option exercise | +18,334 | $53.41 | $979.22K | 116,944 |
| Kristin Sallee Gaines SVP/Chief Transaction Officer | Feb 1, 2026 | Option exercise | +18,333 | $53.41 | $979.17K | 98,610 |
| Kristin Sallee Gaines SVP/Chief Transaction Officer | Feb 1, 2026 | Option exercise | −43,181 | $82.12 | $3.55M | 73,763 |
| Kevin Carlton Pascoe Chief Investment Officer | Jan 30, 2026 | Option exercise | +8,500 | $57.76 | $490.96K | 78,330 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| John L. Spaid Officer | Aug 17, 2026 | 33,124 | $2.40M | Aug 17, 2026 | Restricted Stock Award |