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U.S. Health Care REITs Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies19
  • 7D1.0%
  • 3M2.6%
  • 1Y35.4%
  • YTD14.0%

In the last week, the Health Care REITs industry is up 1.0%, with Alexandria Real Estate Equities up 5.5%. This means that the industry has gained 35% over the past year. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026US$286.9bUS$34.7bUS$1.6b39x177.5x8.3x
Thu, 23 Apr 2026US$269.6bUS$33.1bUS$361.5m51x745.9x8.1x
Sat, 21 Mar 2026US$263.0bUS$32.5bUS$355.1m35.7x740.4x8.1x
Mon, 16 Feb 2026US$267.8bUS$32.7b-US$262,410,000.0036x-1020.6x8.2x
Wed, 14 Jan 2026US$240.4bUS$31.5bUS$440.3m32.8x546x7.6x
Fri, 12 Dec 2025US$242.6bUS$31.5bUS$440.3m32.2x551x7.7x
Sun, 09 Nov 2025US$243.0bUS$31.9bUS$460.4m31x527.8x7.6x
Tue, 07 Oct 2025US$228.7bUS$30.4bUS$354.3m31.1x645.7x7.5x
Thu, 04 Sep 2025US$221.1bUS$30.4bUS$332.7m34.4x664.7x7.3x
Sat, 02 Aug 2025US$212.6bUS$30.4b-US$126,461,000.0034.4x-1680.9x7x
Mon, 30 Jun 2025US$196.9bUS$29.4bUS$68.9m36.3x2857.9x6.7x
Wed, 28 May 2025US$194.5bUS$29.7bUS$181.8m32.2x1069.5x6.6x
Fri, 25 Apr 2025US$197.7bUS$28.7b-US$1,068,162,000.0033.5x-185.1x6.9x
Sun, 23 Mar 2025US$199.2bUS$28.7b-US$1,068,162,000.0033.8x-186.5x6.9x
Tue, 18 Feb 2025US$197.8bUS$28.1b-US$1,397,179,000.0040x-141.6x7x
Thu, 16 Jan 2025US$175.9bUS$27.4b-US$1,625,663,000.0041.4x-108.2x6.4x
Sat, 14 Dec 2024US$181.0bUS$27.4b-US$1,625,663,000.0042.6x-111.3x6.6x
Mon, 11 Nov 2024US$195.3bUS$26.9b-US$1,599,897,000.0047.6x-122.1x7.3x
Wed, 09 Oct 2024US$181.3bUS$26.2b-US$1,429,354,000.0053.3x-126.9x6.9x
Fri, 06 Sep 2024US$180.2bUS$26.2b-US$1,429,354,000.0054.3x-126.1x6.9x
Sun, 04 Aug 2024US$167.0bUS$26.6b-US$1,101,305,000.0052.5x-151.6x6.3x
Tue, 02 Jul 2024US$153.3bUS$26.1b-US$1,195,454,000.0043.5x-128.2x5.9x
Thu, 30 May 2024US$127.2bUS$23.1b-US$1,239,528,000.0039.7x-102.6x5.5x
Sat, 27 Apr 2024US$119.8bUS$22.6b-US$387,089,000.0046.1x-309.4x5.3x
Mon, 25 Mar 2024US$114.7bUS$22.6b-US$276,709,000.0040.9x-414.6x5.1x
Wed, 21 Feb 2024US$114.7bUS$23.5bUS$220.0m35.6x521.2x4.9x
Fri, 19 Jan 2024US$113.4bUS$22.9bUS$87.5m44.8x1296.7x5x
Sun, 17 Dec 2023US$118.1bUS$22.9bUS$87.5m45.3x1349.3x5.2x
Tue, 14 Nov 2023US$107.1bUS$23.0bUS$64.8m36.7x1653.4x4.7x
Thu, 12 Oct 2023US$108.2bUS$22.6bUS$502.0m30.8x215.6x4.8x
Sat, 09 Sep 2023US$108.2bUS$22.6bUS$511.5m32.8x211.6x4.8x
Mon, 07 Aug 2023US$113.9bUS$22.4bUS$873.4m34x130.4x5.1x
Wed, 05 Jul 2023US$110.8bUS$22.0bUS$785.0m32.7x141.1x5x
Fri, 02 Jun 2023US$103.1bUS$21.8bUS$840.1m29.8x122.7x4.7x
Price to Earnings Ratio

122.7x


Total Market Cap: US$103.1bTotal 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 346.1x202420252026
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 Market1.21%
Real Estate1.66%
Health Care REITs1.01%
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
DOC Healthpeak PropertiesUS$20.033.8%
+US$503.3m		15.4%PB1.8x
ARE Alexandria Real Estate EquitiesUS$48.475.7%
+US$458.3m		-31.1%PB0.5x
CTRE CareTrust REITUS$41.961.7%
+US$167.7m		43.9%PB2.4x
HR Healthcare Realty TrustUS$20.561.8%
+US$124.7m		41.2%PB1.6x
WELL WelltowerUS$218.130.06%
+US$91.8m		43.1%PB3.5x

Latest News

XRN
US$37.42
Chiron Real Estate
7D
9.0%
1Y
17.7%
DHC
US$8.75
Diversified Healthcare Trust
7D
2.0%
1Y
170.1%
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.
ARE
US$48.37
Alexandria Real Estate Equities
7D
5.5%
1Y
-31.3%
WELL
US$216.17
Welltower
7D
-0.8%
1Y
41.8%
OHI
US$47.90
Omega Healthcare Investors
7D
-1.7%
1Y
30.0%
CTRE
US$41.14
CareTrust REIT
7D
-0.3%
1Y
41.1%
AHR
US$50.19
American Healthcare REIT
7D
-1.2%
1Y
43.5%
MPT
US$5.08
Medical Properties Trust
7D
1.6%
1Y
8.5%
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
HR
US$20.36
Healthcare Realty Trust
7D
0.8%
1Y
39.8%
Seeking Alpha • May 19

Healthcare Realty Trust: Betting On Outpatient Demand Growth, Lower Operator Risk (Upgrade)

Summary Healthcare Realty Trust is well positioned in the outpatient medical REIT space, benefiting from macro trends like aging demographics and rising outpatient care demand. HR's growth is supported by a nationwide portfolio, strong tenant retention, and opportunities for property acquisitions and lease growth. Balance sheet risk is mitigated by competitive debt metrics and diversified asset exposure. Valuation remains attractive relative to peers, with technical patterns and forward P/FFO supporting a favorable risk/reward profile for income-focused investors. The dividend story is where this stock shows a lack of a compelling growth trend, along with thin AFFO coverage. Read the full article on Seeking Alpha
NHI
US$76.42
National Health Investors
7D
-0.4%
1Y
4.1%
SBRA
US$20.72
Sabra Health Care REIT
7D
-1.4%
1Y
17.7%
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$88.18
Ventas
7D
-0.2%
1Y
35.6%
DOC
US$19.73
Healthpeak Properties
7D
2.2%
1Y
13.7%
Narrative Update • May 13

DOC: Buyback Activity And Raised Earnings Outlook Will Mask Weaker Margin Outlook

Analysts have kept their $16.00 price target on Healthpeak Properties unchanged, citing updated assumptions that include a slightly higher discount rate, a shift to declining revenue growth, lower profit margins, and a much higher future P/E estimate. What's in the News From January 1, 2026 to May 5, 2026, Healthpeak Properties repurchased 5,950,000 shares, representing 0.86% of its stock for US$100 million under its existing buyback program (Key Developments).
UHT
US$42.30
Universal Health Realty Income Trust
7D
3.7%
1Y
8.3%
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
SILA
US$30.21
Sila Realty Trust
7D
-1.1%
1Y
21.1%
JAN
US$26.72
Janus Living
7D
0.6%
1Y
n/a