Is NHI or NLY more undervalued in 2026?

CirclFi compares National Health Investors, Inc. (NHI) and Annaly Capital Management Inc. (NLY) using 13 institutional-grade valuation models. NHI has a Quality of Company score of 7.4/10 while NLY scores 7.4/10.

Which is a better buy — NHI or NLY?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do NHI and NLY valuations compare?

NHI at $73.29 and NLY at $21.85 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NHI vs NLY Valuation Comparison 2026 — Intrinsic Value Analysis

NHI

Real Estate Investment Trusts

National Health Investors, Inc.

Quality

7.4

out of 10

Value Trap

SAFE

Price

$73.29

Last close

Models

13/13

Active

NLY

Real Estate Investment Trusts

Annaly Capital Management Inc.

Quality

7.4

out of 10

Value Trap

SAFE

Price

$21.85

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	NHI Fair Value	NHI Upside	NLY Fair Value	NLY Upside
Bayesian DCF	Intrinsic	$20.79	-71.6%	$14.24	-34.8%
Earnings Power Value	Intrinsic	$18.27	-75.1%	$9.53	-58.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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NHI vs NLY — Which Stock Is More Undervalued?

NHI scores higher with a 7.4/10 quality rating vs NLY's 7.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing National Health Investors, Inc. (NHI) and Annaly Capital Management Inc. (NLY) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

NHI currently trades at $73.29 with a QOC of 7.4/10, while NLY trades at $21.85 with a QOC of 7.4/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).