Sectors & IndustriesReal EstateREIT - Healthcare Facilities

Best Healthcare Facility REIT Stocks to Buy Now (2024)

Top healthcare facility reit stocks in 2024 ranked by overall Zen Score. See the best healthcare facility reit stocks to buy now, according to analyst forecasts for the reit - healthcare facilities industry.

According to Zen Score, the 3 best healthcare facility reit stocks to buy right now are:

Caretrust Reit (NYSE:CTRE) is the top healthcare facility reit stock with a Zen Score of 44, which is 17 points higher than the healthcare facility reit industry average of 27. It passed 16 out of 38 due diligence checks and has strong fundamentals. Caretrust Reit has seen its stock return 17.54% over the past year, overperforming other healthcare facility reit stocks by 22 percentage points.

Caretrust Reit has an average 1 year price target of $24.00, an upside of 2.04% from Caretrust Reit's current stock price of $23.52.

Caretrust Reit stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Caretrust Reit, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Community Healthcare Trust (NYSE:CHCT) is the second best healthcare facility reit stock with a Zen Score of 43, which is 16 points higher than the healthcare facility reit industry average of 27. It passed 16 out of 38 due diligence checks and has strong fundamentals. Community Healthcare Trust has seen its stock lose -31.26% over the past year, underperforming other healthcare facility reit stocks by -27 percentage points.

Community Healthcare Trust has an average 1 year price target of $33.67, an upside of 34.88% from Community Healthcare Trust's current stock price of $24.96.

Community Healthcare Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Community Healthcare Trust, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

National Health Investors (NYSE:NHI) is the third best healthcare facility reit stock with a Zen Score of 40, which is 13 points higher than the healthcare facility reit industry average of 27. It passed 15 out of 38 due diligence checks and has average fundamentals. National Health Investors has seen its stock return 17.57% over the past year, overperforming other healthcare facility reit stocks by 22 percentage points.

National Health Investors has an average 1 year price target of $61.86, an upside of 3.87% from National Health Investors's current stock price of $59.55.

National Health Investors stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering National Health Investors, 28.57% have issued a Strong Buy rating, 28.57% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 13 healthcare facility reit stocks that have issued dividends in the past year, the 3 healthcare facility reit stocks with the highest dividend yields are:

Medical Properties Trust (NYSE:MPW) has an annual dividend yield of 12.37%, which is 5 percentage points higher than the healthcare facility reit industry average of 7.11%. Medical Properties Trust's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Medical Properties Trust's dividend has not shown consistent growth over the last 10 years.

Medical Properties Trust's dividend payout ratio of -94.6% indicates that its high dividend yield might not be sustainable for the long-term.

Healthcare Trust (NASDAQ:HTIA) has an annual dividend yield of 12.12%, which is 5 percentage points higher than the healthcare facility reit industry average of 7.11%. Healthcare Trust's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Healthcare Trust's dividend has shown consistent growth over the last 10 years.

Healthcare Trust's dividend payout ratio of -240.8% indicates that its high dividend yield might not be sustainable for the long-term.

Global Medical Reit (NYSE:GMRE) has an annual dividend yield of 10.42%, which is 3 percentage points higher than the healthcare facility reit industry average of 7.11%. Global Medical Reit's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Global Medical Reit's dividend has shown consistent growth over the last 10 years.

Global Medical Reit's dividend payout ratio of 365.2% indicates that its high dividend yield might not be sustainable for the long-term.

Healthcare facility reit stocks were up 0.67% in the last day, and down -0.74% over the last week.

We couldn't find a catalyst for why healthcare facility reit stocks are up.

Based on WallStreetZen's Valuation Score, the 3 most undervalued healthcare facility reit stocks right now are:

Strawberry Fields Reit (NYSEMKT:STRW) is the most undervalued healthcare facility reit stock based on WallStreetZen's Valuation Score. Strawberry Fields Reit has a valuation score of 43, which is 21 points higher than the healthcare facility reit industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Strawberry Fields Reit's stock has gained 14.55% in the past year. It has overperformed other stocks in the healthcare facility reit industry by 19 percentage points.

Ltc Properties (NYSE:LTC) is the second most undervalued healthcare facility reit stock based on WallStreetZen's Valuation Score. Ltc Properties has a valuation score of 43, which is 21 points higher than the healthcare facility reit industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Ltc Properties's stock has dropped -9.38% in the past year. It has underperformed other stocks in the healthcare facility reit industry by -5 percentage points.

Diversified Healthcare Trust (NASDAQ:DHC) is the third most undervalued healthcare facility reit stock based on WallStreetZen's Valuation Score. Diversified Healthcare Trust has a valuation score of 43, which is 21 points higher than the healthcare facility reit industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Diversified Healthcare Trust's stock has gained 119.63% in the past year. It has overperformed other stocks in the healthcare facility reit industry by 124 percentage points.