HR vs NHI vs STRW Stock Comparison

Healthcare Realty Trust, National Health Investors and Strawberry Fields REIT Prices as of Oct 29, 2026 Peers: Industry group

Head to Head

11 decided of 12

National Health Investors leads on 6 of the 12 questions below (National Health Investors 6, Strawberry Fields REIT 3, Healthcare Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHRNHISTRWLeader
Larger companyMarket capitalisation $6.18B $3.23B $175.30M HR
Cheaper on earningsLower P/E, profitable companies only -137.7x 19.4x 19.8x NHI
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 18.4x 16.0x STRW
Faster revenue growthRevenue growth, trailing twelve months -5.8% +23.9% +18.3% NHI
More profitableNet margin, trailing twelve months -4.0% 38.5% 5.3% NHI
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — 4.2x 9.0x NHI
Higher dividend yieldTrailing dividend yield 5.28% 5.53% 5.30% NHI
Better 1-year returnPrice return, last 12 months +2.4% -9.2% +6.0% STRW
Better 5-year returnAnnualised price return, 5 years -11.3%/yr +4.5%/yr — NHI
Less volatileAnnualised volatility, 1 year 19.9% 24.1% 28.5% HR
Higher overall scoreMean of the five percentile scores vs peers 40/100 56/100 67/100 STRW

Percentile Scorecard

HRNHISTRW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHRNHISTRW
Valuation 38 #91 of 145 40 #87 of 145 76 #35 of 145
Growth 51 #70 of 143 63 #54 of 143 80 #30 of 143
Profitability 35 #89 of 136 82 #26 of 136 88 #17 of 136
Financial Health 39 #84 of 138 71 #41 of 138 6 #130 of 138
Shareholder Returns 39 #81 of 131 26 #97 of 131 85 #21 of 131
Overall 40 56 67
  • HR ranked among 149 companies in Property REITs
  • NHI ranked among 149 companies in Property REITs
  • STRW ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHRNHISTRWSPY
1 month +1.3%+0.3%-4.5% +0.7%
3 months -15.6%-12.1%-14.2% +3.7%
6 months -2.8%-13.1%+0.7% +7.1%
Year to date +7.2%-12.5%-4.9% +12.8%
1 year +2.4%-9.2%+6.0% +11.9%
3 years +27.6%+34.8%+74.3% +85.2%
3 years, per year +8.5%+10.5%+20.4% +22.8%
5 years -45.0%+24.3%— +67.6%
5 years, per year -11.3%+4.5%— +10.9%
10 years -42.0%-10.1%— +262.0%
10 years, per year -5.3%-1.1%— +13.7%

Risk

MeasureHRNHISTRWSPY
Volatility, 1Y 19.9%24.1%28.5% 12.7%
Downside volatility, 1Y 19.3%26.0%29.6% 12.6%
Beta vs S&P 500, 1Y 0.10-0.370.21 1.00
Return / volatility, 1Y 0.12-0.380.21 0.94
Max drawdown, 5Y -61.1%-29.7%-57.1% -25.4%
From 52-week high -17.0%-26.5%-14.9% -1.2%
52-week high $21.89$91.02$14.65 $779.14
52-week low $16.34$63.97$11.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHRNHISTRW
P/E now vs peer median -137.7xmedian 25.7x 19.4xmedian 25.7x 19.8xmedian 25.7x
P/S now vs peer median 5.4xmedian 4.1x 7.5xmedian 4.1x 1.1xmedian 4.1x
EV/EBITDA now vs peer median —median 14.3x 15.3xmedian 14.3x 10.3xmedian 14.3x
P/FCF now vs peer median 38.2xmedian 23.5x -26.0xmedian 23.5x 13.0xmedian 23.5x
P/B now vs peer median 1.5xmedian 1.3x 2.0xmedian 1.3x 5.4xmedian 1.3x
PEG now vs peer median -3.18median 1.86 1.86median 1.86 2.06median 1.86

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHRNHISTRW
Revenue $1.13B $432.12M $159.84M
Operating income – – $87.10M
Net income -$45.27M $166.80M $36.07M
Free cash flow $161.54M -$124.29M $13.45M
EPS (diluted) $-0.13 $3.43 $0.63
Cash & equivalents $17.50M $30.39M $42.15M
Total debt $4.25B $1.27B $4.99B
Shares (diluted) 340.62M 48.50M 13.45M
Enterprise value $6.14B $3.08B $69.36M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHRNHISTRW
P/E -137.7x 19.4x 19.8x
P/FCF 38.2x -26.0x 13.0x
P/Operating cash flow 13.7x 13.0x 2.1x
P/S 5.4x 7.5x 1.1x
P/B 1.5x 2.0x 5.4x
P/Tangible book 1.5x 2.0x 5.4x
EV/EBITDA – 15.3x 10.3x
EV/EBIT – 21.8x 15.9x
EV/Revenue 9.2x 10.4x 8.7x
EV/FCF 64.4x -36.0x 103.1x
EV/Operating cash flow 23.1x 18.0x 16.7x
PEG (3Y EPS CAGR) -3.18 1.86 2.06

Growth

14 metrics
MetricHRNHISTRW
Revenue growth (1Y) -5.8% 23.9% 18.3%
Revenue CAGR (3Y) -5.7% 12.0% 18.4%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – 20.1%
Operating income CAGR (3Y) – – 19.0%
Net income growth (1Y) 87.8% 16.7% 23.8%
Net income CAGR (3Y) 45.3% 14.7% 11.2%
EPS growth (1Y) 87.4% 12.6% 31.8%
EPS CAGR (3Y) 43.2% 10.4% 9.6%
Operating cash flow growth (1Y) -2.8% 17.0% -2.8%
Operating cash flow CAGR (3Y) -4.6% 13.2% 12.4%
Free cash flow growth (1Y) 28.9% -165.9% 121.3%
Free cash flow CAGR (3Y) -1.8% -43.5% -38.7%

Profitability

14 metrics
MetricHRNHISTRW
Gross margin – – –
EBITDA margin – 67.8% 84.4%
Operating margin – – 54.5%
Pretax margin – 33.7% 14.3%
Net margin -4.0% 38.5% 5.3%
FCF margin 14.2% -28.8% 8.4%
Operating cash flow margin 39.7% 57.5% 51.9%
Return on equity -1.1% 10.7% 86.6%
Return on assets -0.5% 5.7% 4.1%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.2x
Cash conversion (OCF / net income) -9.9x 1.5x 2.3x
Stock comp / revenue 1.6% 1.5% 2.1%

Financial Health

11 metrics
MetricHRNHISTRW
Debt / assets 47.4% 43.0% 142.7%
Debt / equity 1.0x 0.8x 38.4x
Net debt / EBITDA – 4.2x 9.0x
Debt / FCF 26.3x -10.3x 93.2x
Liabilities / assets 53.9% 46.7% 96.3%
Equity / assets 46.1% 53.3% 3.7%
Interest coverage – 3.5x 1.4x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHRNHISTRW
Dividend yield 5.3% 5.5% 5.3%
Net buyback yield 3.7% -3.2% -1.0%
Shareholder yield 9.0% 2.3% 4.3%
Payout ratio (earnings) -735.1% – 23.9%
Payout ratio (FCF) 206.0% – 64.0%
Dividend growth (1Y) -19.3% – 46.5%
Dividend CAGR (3Y) -11.0% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHRNHISTRW
Forward P/E – 18.4xFY2026 16.0xFY2026
EPS, next fiscal year $-0.11FY2026 $3.63FY2026 $0.78FY2026
EPS growth, next FY – +20.2%FY2026 +30.0%FY2026
EPS growth, the year after – -17.1% +15.4%
Revenue, next fiscal year $1.17BFY2026 $295.49MFY2026 $167.58MFY2026
Revenue growth, next FY -0.7%FY2026 +8.8%FY2026 +8.1%FY2026
Revenue growth, the year after -8.9% -0.4% +6.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHRNHISTRW
Held by institutions 100.0% 78.7% 26.7%
Institutions holding 459 304 79
Change in shares held, QoQ +0.8% +11.1% +7.9%
Institutions buying 226 157 41
Institutions selling 145 91 18
Buyers to sellers 1.56 1.73 2.28

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HRNHISTRW
HR 1.00 0.47 0.17
NHI 0.47 1.00 0.06
STRW 0.17 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HR, NHI and STRW?

Healthcare Realty Trust (HR) is the largest by market capitalisation: Healthcare Realty Trust (HR) $6.18B, National Health Investors (NHI) $3.23B, Strawberry Fields REIT (STRW) $175.30M.

Which stock is cheaper, HR, NHI and STRW?

National Health Investors (NHI) trades on the lowest price-to-earnings ratio (Healthcare Realty Trust (HR) -137.7x, National Health Investors (NHI) 19.4x, Strawberry Fields REIT (STRW) 19.8x). On next year's consensus earnings, Strawberry Fields REIT (STRW) is cheapest (National Health Investors (NHI) 18.4x, Strawberry Fields REIT (STRW) 16.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

National Health Investors (NHI) grew revenue fastest over the trailing twelve months: Healthcare Realty Trust (HR) -5.8%, National Health Investors (NHI) +23.9%, Strawberry Fields REIT (STRW) +18.3%.

Which company is more profitable?

National Health Investors (NHI) has the highest net margin (Healthcare Realty Trust (HR) -4.0%, National Health Investors (NHI) 38.5%, Strawberry Fields REIT (STRW) 5.3%).

Which stock has performed better?

Over the past year Strawberry Fields REIT (STRW) returned the most: Healthcare Realty Trust (HR) +2.4%, National Health Investors (NHI) -9.2%, Strawberry Fields REIT (STRW) +6.0%. Over five years, National Health Investors (NHI) compounded fastest (Healthcare Realty Trust (HR) -11.3%/yr, National Health Investors (NHI) +4.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

National Health Investors (NHI) has the highest dividend yield: Healthcare Realty Trust (HR) 5.28%, National Health Investors (NHI) 5.53%, Strawberry Fields REIT (STRW) 5.30%.

Which stock is riskier?

By one-year price volatility, Healthcare Realty Trust (HR) has been the steadiest (Healthcare Realty Trust (HR) 19.9%, National Health Investors (NHI) 24.1%, Strawberry Fields REIT (STRW) 28.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HR, NHI and STRW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, National Health Investors (NHI) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.