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U.S. Health Care REITs Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies19
  • 7D0.5%
  • 3M3.4%
  • 1Y33.6%
  • YTD14.9%

Last week, the Health Care REITs industry hasn't moved much but Healthpeak Properties is up 3.8% in that time. The past year has been better, since the industry has gained 34% in that time. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

Has the U.S. Health Care REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026US$286.9bUS$34.7bUS$1.6b39.1x177.5x8.3x
Sat, 25 Apr 2026US$271.0bUS$33.1bUS$361.5m51x749.8x8.2x
Mon, 23 Mar 2026US$251.5bUS$32.5bUS$355.1m35.7x708.1x7.7x
Wed, 18 Feb 2026US$268.0bUS$32.7b-US$264,820,000.0036.9x-1011.9x8.2x
Fri, 16 Jan 2026US$242.9bUS$31.5bUS$440.3m33x551.7x7.7x
Sun, 14 Dec 2025US$239.0bUS$31.5bUS$440.3m32.4x542.9x7.6x
Tue, 11 Nov 2025US$243.3bUS$31.5bUS$460.1m31.4x528.7x7.7x
Thu, 09 Oct 2025US$225.3bUS$30.4bUS$354.3m31x636x7.4x
Sat, 06 Sep 2025US$221.7bUS$30.4bUS$354.3m33.3x625.9x7.3x
Mon, 04 Aug 2025US$214.3bUS$30.8bUS$125.1m34.4x1712.7x7x
Wed, 02 Jul 2025US$198.4bUS$29.4bUS$68.9m36.3x2879.5x6.7x
Fri, 30 May 2025US$197.3bUS$29.7bUS$181.8m31.7x1084.9x6.7x
Sun, 27 Apr 2025US$195.9bUS$28.8b-US$1,032,275,000.0033.2x-189.8x6.8x
Tue, 25 Mar 2025US$199.2bUS$28.7b-US$1,068,162,000.0034.6x-186.5x6.9x
Thu, 20 Feb 2025US$197.8bUS$28.1b-US$1,397,179,000.0039.6x-141.6x7x
Sat, 18 Jan 2025US$178.8bUS$27.4b-US$1,625,663,000.0041.2x-110x6.5x
Mon, 16 Dec 2024US$181.4bUS$27.4b-US$1,625,663,000.0042.6x-111.6x6.6x
Wed, 13 Nov 2024US$194.0bUS$26.9b-US$1,599,897,000.0047.6x-121.2x7.2x
Fri, 11 Oct 2024US$181.5bUS$26.2b-US$1,429,354,000.0052.9x-127x6.9x
Sun, 08 Sep 2024US$180.0bUS$26.2b-US$1,429,354,000.0054.3x-125.9x6.9x
Tue, 06 Aug 2024US$167.0bUS$26.6b-US$1,101,305,000.0050.5x-151.6x6.3x
Thu, 04 Jul 2024US$154.0bUS$26.1b-US$1,195,454,000.0043.9x-128.8x5.9x
Sat, 01 Jun 2024US$129.4bUS$23.1b-US$1,379,528,000.0040.9x-93.8x5.6x
Mon, 29 Apr 2024US$119.8bUS$22.6b-US$387,089,000.0046.1x-309.4x5.3x
Wed, 27 Mar 2024US$114.2bUS$22.6b-US$276,709,000.0040.9x-412.6x5.1x
Fri, 23 Feb 2024US$116.0bUS$23.0b-US$277,711,000.0035.7x-417.8x5.1x
Sun, 21 Jan 2024US$113.7bUS$22.9bUS$87.5m45.2x1299.6x5x
Tue, 19 Dec 2023US$118.1bUS$22.9bUS$87.5m44.6x1349.3x5.2x
Thu, 16 Nov 2023US$110.2bUS$22.9bUS$61.8m40x1784.1x4.8x
Sat, 14 Oct 2023US$106.7bUS$22.6bUS$502.0m29x212.6x4.7x
Mon, 11 Sep 2023US$107.3bUS$22.6bUS$511.5m32.8x209.8x4.7x
Wed, 09 Aug 2023US$114.9bUS$22.5bUS$557.4m35.9x206.1x5.1x
Fri, 07 Jul 2023US$110.1bUS$22.0bUS$785.0m32.3x140.3x5x
Sun, 04 Jun 2023US$105.4bUS$21.8bUS$840.1m31.1x125.5x4.8x
Price to Earnings Ratio

125.5x


Total Market Cap: US$105.4bTotal Earnings: US$840.1mTotal Revenue: US$21.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Health Care REITs Industry Price to Earnings3Y Average 346.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Health Care REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 178x which is lower than its 3-year average PE of 346x.
  • The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the Health Care REITs industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 17% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market2.46%
Real Estate1.88%
Health Care REITs0.49%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ARE Alexandria Real Estate EquitiesUS$49.934.4%
+US$364.2m		-28.3%PB0.6x
DOC Healthpeak PropertiesUS$19.871.1%
+US$144.8m		14.1%PB1.8x
JAN Janus LivingUS$27.101.5%
+US$76.8m		n/aPB2.3x
CTRE CareTrust REITUS$41.680.5%
+US$44.9m		45.6%PB2.4x
NHP National Healthcare PropertiesUS$14.792.1%
+US$25.3m		n/aPB1.8x

Latest News

XRN
US$36.63
Chiron Real Estate
7D
1.0%
1Y
16.3%
DOC
US$19.87
Healthpeak Properties
7D
1.1%
1Y
14.1%
ARE
US$49.93
Alexandria Real Estate Equities
7D
4.4%
1Y
-28.3%
HR
US$20.20
Healthcare Realty Trust
7D
-1.3%
1Y
40.0%
Narrative Update • May 25

HR: Share Repurchases And Margin Assumptions Will Shape Balanced Future Outlook

Analysts have raised their price target for Healthcare Realty Trust from about $19.64 to $20.45, citing updated assumptions that combine a slightly lower discount rate and P/E multiple with revised expectations for revenue growth and profit margins. What's in the News Healthcare Realty Trust reaffirmed its 2026 earnings guidance, with expected earnings per share in a range of a loss of $0.05 to a gain of $0.05, in line with prior guidance (Company guidance).
DHC
US$8.82
Diversified Healthcare Trust
7D
-3.4%
1Y
173.9%
Narrative Update • May 25

DHC: 2026 Outlook And Firmer Margins Will Narrow Peer Discount

Analysts have nudged their fair value estimate for Diversified Healthcare Trust to $10.00 from $9.50, citing refreshed models that reflect updated assumptions on revenue growth, profit margins, and a slightly adjusted P/E multiple, along with a series of recent bullish initiations and price target increases on the stock. Analyst Commentary Recent Street research has leaned constructive on Diversified Healthcare Trust, with several bullish analysts revisiting their models and price targets in light of updated outlooks through 2026.
WELL
US$214.18
Welltower
7D
-2.0%
1Y
41.2%
OHI
US$47.73
Omega Healthcare Investors
7D
-2.6%
1Y
30.6%
CTRE
US$41.68
CareTrust REIT
7D
0.5%
1Y
45.6%
AHR
US$50.46
American Healthcare REIT
7D
-2.4%
1Y
45.4%
MPT
US$5.15
Medical Properties Trust
7D
0.8%
1Y
11.7%
Seeking Alpha • May 21

Medical Properties Trust: Cheap Enough To Watch Closely, Not Yet Enough To Buy

Summary Medical Properties Trust (MPT) shows operational improvements, but macro and balance sheet risks keep me at a Hold rating. Transitioned assets are stabilizing, with Quorum and HonorHealth at stabilized rents and HSA ramping toward full contractual rent by Q4 2026. EBITDARM coverage remains steady at ~2.5x, and post-acute operators demonstrate strong YoY improvements, supporting portfolio stability. MPT's valuation has compressed to ~7.95x forward FFO, but unresolved structural risks make the risk-reward profile more constructive, not yet a Buy. Read the full article on Seeking Alpha
NHP
US$14.79
National Healthcare Properties
7D
2.1%
1Y
n/a
New Narrative • May 20

Aging Demographics And Senior Housing Focus Will Support This Healthcare REIT’s Long Term Outlook

Catalysts About National Healthcare Properties National Healthcare Properties is a publicly traded health care REIT focused primarily on senior housing communities in the United States. What are the underlying business or industry changes driving this perspective?
NHI
US$74.93
National Health Investors
7D
-3.3%
1Y
3.3%
SBRA
US$20.45
Sabra Health Care REIT
7D
-2.9%
1Y
17.5%
Seeking Alpha • May 17

Sabra Health Care REIT A Buy, As Q1 Results Show Portfolio Growth

Summary Sabra Health Care REIT is rated a buy, reflecting portfolio growth, reasonable valuation, and robust geographic diversification. SBRA demonstrates strong revenue and NOI growth but faces declining EBITDA margins and flat long-term dividend growth, tempering its income appeal. The REIT maintains an investment-grade balance sheet, modest debt-to-equity, low operator concentration, and adequate AFFO dividend coverage with a 5.6% yield. Technical momentum remains bullish, with an +8% upside forecast by 2027, though sector risks include rising labor costs and potential shifts toward home healthcare. Read the full article on Seeking Alpha
VTR
US$88.05
Ventas
7D
-0.6%
1Y
36.8%
UHT
US$42.10
Universal Health Realty Income Trust
7D
0.6%
1Y
8.4%
Seeking Alpha • May 13

Universal Health Realty Income Trust: A Fairly Valued 7.3% REIT

Summary Universal Health Realty Income Trust earns a 'Hold' rating, offering a 7.34% yield but trading near fair value. UHT's 40-year dividend growth streak remains intact, though a payout ratio of 85% limits future increases. Key risks include Medicaid reimbursement cuts from OBBBA and $359.5M floating-rate debt maturing in 2028. Growth catalysts include the Miller Medical Plaza MOB and favorable MOB sector supply-demand dynamics. Read the full article on Seeking Alpha
JAN
US$27.10
Janus Living
7D
1.5%
1Y
n/a