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U.S. Healthcare REITs Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies19
  • 7D2.4%
  • 3M7.0%
  • 1Y25.8%
  • YTDn/a

Over the last 7 days, the Healthcare REITs industry has risen 2.4%, driven by gains from Welltower of 3.4%. Meanwhile, Alexandria Real Estate Equities actually underperformed within the industry, shrinking 6.1% in the last week. This takes the industry's 12 month performance to a gain of 26%. Earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$262.5bUS$33.1bUS$361.5m39.8x726.2x7.9x
Tue, 03 Mar 2026US$268.2bUS$32.9bUS$344.5m38.8x778.5x8.1x
Thu, 29 Jan 2026US$238.5bUS$31.4b-US$576,665,000.0032.6x-413.5x7.6x
Sat, 27 Dec 2025US$240.6bUS$31.5bUS$440.3m32x546.6x7.6x
Mon, 24 Nov 2025US$251.1bUS$31.5bUS$462.4m31.4x543.1x8x
Wed, 22 Oct 2025US$229.9bUS$30.4bUS$354.3m30.7x649x7.6x
Fri, 19 Sep 2025US$221.0bUS$30.4bUS$354.3m33.9x623.8x7.3x
Sun, 17 Aug 2025US$214.8bUS$30.4bUS$332.7m34.3x645.6x7.1x
Tue, 15 Jul 2025US$203.4bUS$29.4bUS$68.9m37.1x2952.4x6.9x
Thu, 12 Jun 2025US$197.5bUS$29.7bUS$181.8m32.6x1086.3x6.7x
Sat, 10 May 2025US$196.5bUS$29.7bUS$167.2m32.7x1175.4x6.6x
Mon, 07 Apr 2025US$191.6bUS$28.7b-US$1,068,162,000.0033.3x-179.4x6.7x
Wed, 05 Mar 2025US$208.2bUS$28.3b-US$1,137,918,000.0033.8x-183x7.4x
Fri, 31 Jan 2025US$181.1bUS$27.4b-US$1,598,658,000.0040.8x-113.3x6.6x
Sun, 29 Dec 2024US$175.6bUS$27.4b-US$1,625,663,000.0041.4x-108x6.4x
Tue, 26 Nov 2024US$190.3bUS$27.4b-US$1,625,663,000.0045.1x-117.1x7x
Thu, 24 Oct 2024US$187.4bUS$26.3b-US$1,286,535,000.0056x-145.6x7.1x
Sat, 21 Sep 2024US$183.0bUS$26.2b-US$1,429,354,000.0053.9x-128x7x
Mon, 19 Aug 2024US$170.0bUS$26.2b-US$1,429,354,000.0050x-119x6.5x
Wed, 17 Jul 2024US$159.0bUS$26.1b-US$1,195,454,000.0048.1x-133x6.1x
Fri, 14 Jun 2024US$152.0bUS$26.1b-US$1,195,454,000.0046.3x-127.2x5.8x
Sun, 12 May 2024US$126.1bUS$23.1b-US$1,259,953,000.0039.8x-100.1x5.5x
Tue, 09 Apr 2024US$115.5bUS$22.6b-US$276,709,000.0042.3x-417.5x5.1x
Thu, 07 Mar 2024US$111.6bUS$22.5b-US$257,971,000.0037.3x-432.5x5x
Sat, 03 Feb 2024US$112.6bUS$24.3bUS$48.6m41.9x2317.9x4.6x
Mon, 01 Jan 2024US$118.7bUS$24.3bUS$48.6m45.5x2442.9x4.9x
Wed, 29 Nov 2023US$113.8bUS$24.3bUS$48.6m40.7x2343.1x4.7x
Fri, 27 Oct 2023US$105.4bUS$23.9bUS$462.1m30.7x228.2x4.4x
Sun, 24 Sep 2023US$107.3bUS$23.9bUS$463.1m30.9x231.7x4.5x
Tue, 22 Aug 2023US$108.8bUS$24.0bUS$472.6m33x230.1x4.5x
Thu, 20 Jul 2023US$114.0bUS$23.3bUS$746.1m33.2x152.9x4.9x
Sat, 17 Jun 2023US$110.9bUS$23.3bUS$746.1m33.2x148.6x4.8x
Mon, 15 May 2023US$107.7bUS$23.3bUS$841.5m28.1x128x4.6x
Wed, 12 Apr 2023US$106.0bUS$22.8bUS$2.0b31.3x53.7x4.6x
Price to Earnings Ratio

53.7x


Total Market Cap: US$106.0bTotal Earnings: US$2.0bTotal Revenue: US$22.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare REITs Industry Price to Earnings3Y Average 354.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Health Care REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 726x which is higher than its 3-year average PE of 355x.
  • The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 7.9x.
Past Earnings Growth
  • The earnings for companies in the Health Care REITs industry have declined 43% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

US Market3.46%
Real Estate2.85%
REITS2.54%
Healthcare REITs2.38%
Industrial REITs3.32%
Retail REITs3.27%
Residential REITs3.08%
Specialized REITs2.88%
Diversified REITs2.54%
Office REITs2.01%
Hotel and Resort REITs1.22%
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$202.333.4%
+US$4.6b		41.2%PB3.4x
VTR VentasUS$83.271.7%
+US$687.4m		27.1%PB3.2x
CTRE CareTrust REITUS$38.323.2%
+US$265.7m		37.0%PB2.1x
HR Healthcare Realty TrustUS$17.403.3%
+US$191.9m		8.0%PB1.3x
JAN Janus LivingUS$23.894.4%
+US$189.1m		n/aPB3.5x

Latest News

ARE
US$43.23
Alexandria Real Estate Equities
7D
-6.1%
1Y
-46.8%

ARE: Governance Shift And Impairment Reset Will Shape Future Upside Potential

Analysts have trimmed their price target on Alexandria Real Estate Equities by about $1.36. This reflects updated views on fair value, profit margins and the appropriate discount rate for the shares.
VTR
US$83.27
Ventas
7D
1.7%
1Y
27.1%
SBRA
US$19.86
Sabra Health Care REIT
7D
1.3%
1Y
14.9%

SBRA: Senior Housing Occupancy Recovery Will Drive Confidence In 2026 FFO Outlook

Sabra Health Care REIT's analyst price target has edged higher to about $21.92 from $21.85, as analysts point to stronger potential revenue growth and improved senior housing occupancy prospects, partly offset by slightly softer profit margin expectations. Analyst Commentary Recent Street research on Sabra Health Care REIT has centered on refreshed valuation work following Q4 results, with several firms adjusting price targets and revisiting their views on occupancy trends, capital deployment, and funds from operations guidance.
WELL
US$202.33
Welltower
7D
3.4%
1Y
41.2%

WELL: Data Science Alliance And 2026 Earnings Outlook Will Support Future Upside

Analysts have raised their price target for Welltower from $228.10 to $229.30, reflecting updated assumptions related to discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Welltower and Public Storage announced a data science partnership that combines Welltower's capital allocation models with Public Storage's operational and pricing analytics to support more targeted real estate investments and operations (Key Developments).
DOC
US$16.52
Healthpeak Properties
7D
-0.4%
1Y
-10.4%

DOC: Earnings Guidance And Completed Buyback Will Shape Measured Future Return Potential

Analysts now hold their $16.00 price target on Healthpeak Properties while adjusting underlying assumptions slightly on discount rate, revenue growth, profit margin, and future P/E. This reflects fine tuning rather than a major shift in their view of the stock.
AHR
US$48.09
American Healthcare REIT
7D
2.0%
1Y
68.7%
OHI
US$45.00
Omega Healthcare Investors
7D
1.0%
1Y
20.5%

OHI: Senior Housing NNN Shift And 2026 Outlook Will Shape Balanced Setup

The analyst price target for Omega Healthcare Investors edges higher to $49.50, with analysts highlighting gradual model tweaks tied to senior housing growth opportunities and updated views on the REIT sector. Analyst Commentary Recent research on Omega Healthcare Investors shows a mix of optimism around senior housing growth and caution on how much upside is left at current levels.
HR
US$17.40
Healthcare Realty Trust
7D
3.3%
1Y
8.0%

HR: Buybacks And New CFO Will Support Richer Future P/E Outlook

Analysts have kept their $19.40 price target for Healthcare Realty Trust unchanged, as a slightly higher discount rate and modestly lower profit margin estimates are considered offset by expectations for a somewhat richer future P/E multiple. What's in the News The Audit Committee replaced BDO USA, P.C. with Deloitte & Touche LLP as the independent registered public accounting firm, effective February 19, 2026 (company filing).
CTRE
US$38.32
CareTrust REIT
7D
3.2%
1Y
37.0%

CTRE: Future Returns Will Reflect Accretive Capital Deployment Across Three Platforms

Narrative Update Analysts have raised their average price target for CareTrust REIT to a range of $44 to $46, citing the company’s capacity to deploy capital across its platforms and expectations that recent FFO guidance adjustments and investment timing shifts can be absorbed over time. Analyst Commentary Recent research points to a generally constructive view on CareTrust REIT, with multiple firms lifting price targets and a mix of optimism on growth against some questions on guidance and expenses.
JAN
US$23.89
Janus Living
7D
4.4%
1Y
n/a

Janus Living: Appealing Real Estate Category With Some Concerns

Mar 25