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U.S. Healthcare REITs Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies19
  • 7D1.6%
  • 3M0.7%
  • 1Y30.3%
  • YTDn/a

In the last week, the Healthcare REITs industry is up 1.6%, with Welltower up 3.3%. This takes the industry's 12 month performance to a gain of 30%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026US$279.4bUS$34.7bUS$1.6b37.9x172.9x8.1x
Fri, 15 May 2026US$291.1bUS$34.7bUS$1.6b39.6x179.8x8.4x
Sun, 12 Apr 2026US$270.0bUS$33.1bUS$361.5m41.7x747x8.1x
Tue, 10 Mar 2026US$264.0bUS$32.9bUS$344.5m37.5x766.4x8x
Thu, 05 Feb 2026US$241.1bUS$31.4b-US$467,216,000.0034.3x-516x7.7x
Sat, 03 Jan 2026US$238.1bUS$31.5bUS$440.3m32.1x540.7x7.6x
Mon, 01 Dec 2025US$259.4bUS$31.5bUS$462.4m32.1x561x8.2x
Wed, 29 Oct 2025US$236.5bUS$31.0b-US$420,829,009.0028.8x-561.9x7.6x
Fri, 26 Sep 2025US$225.1bUS$30.4bUS$354.3m32.5x635.5x7.4x
Sun, 24 Aug 2025US$218.8bUS$30.4bUS$332.7m34.8x657.7x7.2x
Tue, 22 Jul 2025US$206.3bUS$29.4bUS$68.9m36x2994.3x7x
Thu, 19 Jun 2025US$197.3bUS$29.7bUS$181.8m33.2x1085.2x6.7x
Sat, 17 May 2025US$195.0bUS$29.7bUS$181.0m32.4x1077.4x6.6x
Mon, 14 Apr 2025US$190.3bUS$28.7b-US$1,068,162,000.0032.7x-178.2x6.6x
Wed, 12 Mar 2025US$200.2bUS$28.7b-US$1,133,751,000.0035x-176.6x7x
Fri, 07 Feb 2025US$188.0bUS$27.6b-US$1,606,706,000.0040.9x-117x6.8x
Sun, 05 Jan 2025US$176.6bUS$27.4b-US$1,625,663,000.0042x-108.6x6.5x
Tue, 03 Dec 2024US$193.1bUS$27.4b-US$1,625,663,000.0044.7x-118.8x7.1x
Thu, 31 Oct 2024US$193.5bUS$26.8b-US$911,293,000.0053.4x-212.4x7.2x
Sat, 28 Sep 2024US$185.6bUS$26.2b-US$1,429,354,000.0054.9x-129.9x7.1x
Mon, 26 Aug 2024US$175.4bUS$26.2b-US$1,429,354,000.0052.8x-122.7x6.7x
Wed, 24 Jul 2024US$161.9bUS$26.1b-US$1,237,636,000.0049.2x-130.8x6.2x
Fri, 21 Jun 2024US$151.8bUS$26.1b-US$1,195,454,000.0045.1x-127x5.8x
Sun, 19 May 2024US$129.3bUS$23.1b-US$1,239,464,000.0040.2x-104.3x5.6x
Tue, 16 Apr 2024US$115.5bUS$22.6b-US$276,709,000.0042.7x-417.5x5.1x
Thu, 14 Mar 2024US$112.0bUS$22.5b-US$235,244,000.0034.2x-476.1x5x
Sat, 10 Feb 2024US$111.6bUS$23.0bUS$176.2m39.4x633.5x4.8x
Mon, 08 Jan 2024US$115.5bUS$24.3bUS$48.6m44.9x2376.9x4.8x
Wed, 06 Dec 2023US$116.9bUS$24.3bUS$48.6m42.9x2407x4.8x
Fri, 03 Nov 2023US$107.4bUS$24.1bUS$172.0m36.2x624.3x4.5x
Sun, 01 Oct 2023US$106.2bUS$23.9bUS$463.1m30.3x229.4x4.4x
Tue, 29 Aug 2023US$108.7bUS$24.0bUS$472.6m33.3x229.9x4.5x
Thu, 27 Jul 2023US$116.6bUS$23.3bUS$744.3m35.2x156.6x5x
Sat, 24 Jun 2023US$105.5bUS$23.3bUS$746.1m31.6x141.4x4.5x
Price to Earnings Ratio

141.4x


Total Market Cap: US$105.5bTotal Earnings: US$746.1mTotal Revenue: US$23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare REITs Industry Price to Earnings3Y Average 372.9x202420252026
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 173x which is lower than its 3-year average PE of 373x.
  • The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Health Care REITs industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Healthcare REITs compare with similar industries?

US Market2.32%
Real Estate0.15%
REITS-0.068%
Healthcare REITs1.65%
Hotel and Resort REITs4.00%
Retail REITs0.53%
Diversified REITs-0.068%
Specialized REITs-0.62%
Industrial REITs-0.86%
Office REITs-1.77%
Residential REITs-1.82%
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
WELL WelltowerUS$213.503.3%
+US$4.8b		40.6%PB3.4x
VTR VentasUS$83.891.7%
+US$690.4m		33.7%PB3.1x
HR Healthcare Realty TrustUS$20.500.6%
+US$41.6m		37.4%PB1.6x
AHR American Healthcare REITUS$46.870.3%
+US$30.8m		32.2%PB2.6x
LTC LTC PropertiesUS$36.880.7%
+US$13.8m		5.2%PB1.7x

Latest News

OHI
US$45.50
Omega Healthcare Investors
7D
-0.4%
1Y
23.3%
Seeking Alpha • 2h

Omega Healthcare: Still A Great Company, But No Longer The Bargain It Was

Summary Omega Healthcare Investors is downgraded from bullish to neutral as valuation now reflects its recovery and growth prospects. OHI’s dividend is well covered, with payout ratios at 82% of AFFO and 86% of FAD, and management hints at a possible raise in 2027. Active portfolio management, capital recycling, and a strategic pivot toward RIDEA and senior housing are driving operational improvements and future growth potential. Key risks include execution on new operating structures, leadership transition, compressed yields, and macro headwinds from potential interest rate hikes. Read the full article on Seeking Alpha
CTRE
US$37.03
CareTrust REIT
7D
-1.8%
1Y
27.0%
Narrative Update • Jun 16

CTRE: Acquisition Pipeline And Raised Guidance Will Support Future Share Upside

Analysts have lifted the CareTrust REIT price target by about $0.60 to $45.50, citing updated models that factor in recent Q1 healthcare REIT research and a refined view on revenue growth, margins, and future P/E assumptions, supported by higher Street targets from firms such as KeyBanc, BofA, and Wells Fargo. Analyst Commentary Recent Street research on CareTrust REIT highlights a generally constructive tone around the stock, with several firms revisiting their models after Q1 healthcare REIT updates and adjusting price targets accordingly.
VTR
US$83.89
Ventas
7D
1.7%
1Y
33.7%
SBRA
US$18.56
Sabra Health Care REIT
7D
-1.8%
1Y
2.3%
Narrative Update • Jun 16

SBRA: Sector Repricing And Lower Discount Rate Will Support 2026 Upside

The analyst fair value estimate for Sabra Health Care REIT has moved slightly higher to $22.77 from $22.69, as analysts factor in updated price targets across the sector along with modest adjustments to revenue growth, discount rate assumptions, profit margin expectations, and future P/E multiples. Analyst Commentary Recent Street research has centered on modestly higher price targets for Sabra Health Care REIT, which helps explain the small upward move in the overall fair value estimate.
MPT
US$4.85
Medical Properties Trust
7D
-3.8%
1Y
9.2%
Narrative Update • Jun 16

MPT: Fair Value Holding As Funding And Tenant Execution Risks Persist

Analysts held their $5.00 fair value estimate for Medical Properties Trust while slightly adjusting underlying assumptions, citing updated views on the discount rate, revenue trends, profit margins, and future P/E to align the price target with recent sector research and valuation frameworks. Analyst Commentary Recent sector research around real estate and income oriented stocks has grown more selective, with investors paying closer attention to balance sheet strength, tenant quality, and payout sustainability.
DOC
US$20.09
Healthpeak Properties
7D
-2.0%
1Y
18.1%
LTC
US$36.88
LTC Properties
7D
0.7%
1Y
5.2%
UHT
US$39.99
Universal Health Realty Income Trust
7D
0.6%
1Y
-2.8%
AHR
US$46.87
American Healthcare REIT
7D
0.3%
1Y
32.2%
WELL
US$213.50
Welltower
7D
3.3%
1Y
40.6%
ARE
US$51.76
Alexandria Real Estate Equities
7D
-2.2%
1Y
-27.3%
HR
US$20.50
Healthcare Realty Trust
7D
0.6%
1Y
37.4%
Narrative Update • Jun 09

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

Analysts have adjusted their fair value estimate for Healthcare Realty Trust slightly higher, from about $20.45 to about $20.64 per share, reflecting updated assumptions around revenue growth, discount rate, profit margins, and a very large projected future P/E multiple. What's in the News Issued 2026 earnings guidance with expected earnings per share in a range of a loss of $0.05 to a gain of $0.05, unchanged from prior guidance.
DHC
US$8.79
Diversified Healthcare Trust
7D
-0.9%
1Y
138.2%
Narrative Update • Jun 09

DHC: 2026 Guidance And Facility Conversions Will Shape Balanced Risk Profile

The analyst fair value estimate for Diversified Healthcare Trust has shifted from $7.25 to $8.75, with analysts pointing to higher 2026 guidance and expected benefits from converting closed skilled nursing facilities into independent living, assisted living, and memory care units as key supports for the new target range, which is anchored by a Street price objective of $10.50. Analyst Commentary Recent Street research on Diversified Healthcare Trust centers on updated guidance and the property conversion pipeline, with analysts using these factors to frame both upside potential and execution risk for the stock.
NHI
US$71.62
National Health Investors
7D
0.3%
1Y
1.3%
NHP
US$13.47
National Healthcare Properties
7D
-4.4%
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?
SILA
US$30.31
Sila Realty Trust
7D
0.1%
1Y
25.4%