Themes / Group
Active · established relationshipLatest completed snapshot · Oct 7 · 18:22 ET

MARKET-DISCOVERED GROUP

Healthcare REITs

THE TRADER READShared activity without a clean directional read

Price direction is split across 15 measured members. Capital-flow agreement is 19%, so the basket is not yet clean.

Price breadth0 up · 14 downRelative median unavailable
Capital-flow alignment19%Price breadth is not yet confirmed by flow
Activity nowHotActivity score 83/100 · lift 1.3×
Evidence depth8 episodes27 observed active sessions
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

WED, FEB 11AB filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THU, AUG 6AHR filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

15/15 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AHR, BKD, CHE, CTRE, ENSG, GTY, NHI, SBRA, UHS.

credit / rates affecting interest expense

“The decrease in total interest expense for the three and six months ended June 30, 2026, as compared to the three and six months ended June 30, 2025, was also driven by a $986,000 and $3,263,000, respectively, change from loss to gain in fair value of derivative financial instruments and a $1,151,000 and $1,659,000, respectively, decrease in loss on debt extinguishments.”

AHR 10-Q · 2026-08-07
credit / rates

“The maximum principal amount of the 2024 Credit Facility could have been increased by an aggregate incremental amount of $ 600,000,000 , subject to: (i) the terms of the 2024 Credit Agreement and (ii) at least five business days’ prior written notice to Bank of America.”

AHR 10-Q · 2026-08-07
restructuring

“Significant items subject to such estimates and assumptions include, but are not limited to, the initial and recurring valuation of certain assets acquired and liabilities assumed through property acquisitions including through business combinations, goodwill and its impairment, revenues, allowance for credit losses, impairment of long-lived and intangible assets and contingencies.”

AHR 10-Q · 2026-08-07
CONFIRMATION NETWORK

Outsiders and cross-asset links

5 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

VTRMoving with group

CTRE · text peer

DHCMoving with group

AHR · text peer

WELLMoving with group

LTC · text peer

DOCMoving with group

LTC · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
NHCAHRCTRENHILTCNTSTOHIADCCHEENSGSBRAUHSBKDGTYAB

13/15 active0 rising · 15 falling

MemberUnusual activityToday's moveRead now
NHCNational HealthCare Corporation
Elevated · 100/100
-2.8%
Flow divergenceActive in 3.7% of observed group sessions
AHRAmerican Healthcare REIT, Inc.
Most unusual · 34/100
-2.2%
Flow divergenceActive in 44.4% of observed group sessions
CTRECareTrust REIT, Inc.
Elevated · 33/100
-2.0%
Flow confirmerActive in 55.6% of observed group sessions
NHINational Health Investors, Inc.
Elevated · 29/100
-2.3%
Active; unclassifiedActive in 18.5% of observed group sessions
LTCLTC Properties, Inc.
Elevated · 26/100
-1.4%
Active; unclassifiedActive in 29.6% of observed group sessions
NTSTNETSTREIT Corp.
Elevated · 23/100
-2.3%
Active; unclassifiedActive in 3.7% of observed group sessions
OHIOmega Healthcare Investors, Inc.
Elevated · 22/100
-2.3%
Active; unclassifiedActive in 51.9% of observed group sessions
ADCAgree Realty Corporation
Elevated · 22/100
-0.9%
Active; unclassifiedActive in 18.5% of observed group sessions
CHEChemed Corporation
Elevated · 22/100
-1.8%
Active; unclassifiedActive in 0% of observed group sessions
ENSGThe Ensign Group, Inc.
Elevated · 19/100
-1.6%
Flow divergenceActive in 0% of observed group sessions
SBRASabra Health Care REIT, Inc.
Participating · 16/100
-2.0%
Active; unclassifiedActive in 44.4% of observed group sessions
UHSUniversal Health Services, Inc.
Participating · 13/100
-1.5%
Flow divergenceActive in 0% of observed group sessions
BKDBrookdale Senior Living Inc.
Participating · 12/100
-1.2%
Active; unclassifiedActive in 0% of observed group sessions
GTYGetty Realty Corp.
Quiet · 7/100
-1.1%
Watch / laggardActive in 7.4% of observed group sessions
ABAllianceBernstein Holding L.P.
Quiet · 4/100
-0.0%
Watch / laggardActive in 3.7% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
NHCNational HealthCare CorporationParticipating-2.8%3.7% of 27 sessionsPrice participation with distributing signed flow.
AHRAmerican Healthcare REIT, Inc.Most unusual-2.2%44.4% of 27 sessionsMost unusual activity in this snapshot; performance direction may differ.
CTRECareTrust REIT, Inc.Participating-2.0%55.6% of 27 sessionsPrice participation with accumulating signed flow.
NHINational Health Investors, Inc.Participating-2.3%18.5% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
LTCLTC Properties, Inc.Participating-1.4%29.6% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
NTSTNETSTREIT Corp.Participating-2.3%3.7% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
OHIOmega Healthcare Investors, Inc.Participating-2.3%51.9% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
ADCAgree Realty CorporationParticipating-0.9%18.5% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
CHEChemed CorporationParticipating-1.8%0% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
ENSGThe Ensign Group, Inc.Participating-1.6%0% of 27 sessionsPrice participation with distributing signed flow.
SBRASabra Health Care REIT, Inc.Participating-2.0%44.4% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
UHSUniversal Health Services, Inc.Participating-1.5%0% of 27 sessionsPrice participation with distributing signed flow.
BKDBrookdale Senior Living Inc.Participating-1.2%0% of 27 sessionsPrice participation is not yet confirmed by per-name flow.
GTYGetty Realty Corp.Quiet / lagging-1.1%7.4% of 27 sessionsNot participating yet; a breadth test or a genuine divergence.
ABAllianceBernstein Holding L.P.Quiet / lagging-0.0%3.7% of 27 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Early observed follow-through

3/3 events completed
30 minutes-0.15%0% continuation · n=1Median MFE +0.93% · MAE -0.48%
60 minutes-0.38%0% continuation · n=1Median MFE +0.93% · MAE -0.48%
Session close+0.75%100% continuation · n=1Median MFE +0.93% · MAE -0.48%
Next-session close+0.93%100% continuation · n=1Median MFE +0.93% · MAE -0.48%
Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
moderate structural support

8 completed episodes across 27 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support75 daysHow often the cohort identity was observed
Completed episodes8Separate periods of broad group activity
Active sessions27Completed session observations, not trades
2026-10-01 → 2026-10-073 active sessions9.1% composition consistency through the episode
2026-09-231 active session100% composition consistency through the episode
2026-08-171 active session100% composition consistency through the episode
2026-07-28 → 2026-08-118 active sessionsNo name was active through every recorded session
2026-07-211 active session100% composition consistency through the episode
2026-07-161 active session100% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
CTRE55.6% · 8 episodes
OHI51.9% · 7 episodes
AHR44.4% · 6 episodes
SBRA44.4% · 6 episodes
LTC29.6% · 4 episodes
ADC18.5% · 4 episodes
NHI18.5% · 3 episodes
GTY7.4% · 1 episode
AB3.7% · 1 episode
NHC3.7% · 1 episode
NTST3.7% · 1 episode
BKD0% · 0 episodes
CHE0% · 0 episodes
ENSG0% · 0 episodes
UHS0% · 0 episodes