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Wednesday, Jul 24
Health-care REITs are "squarely in the cross-hairs" of higher rates thanks to their long-term...
Health-care REITs are "squarely in the cross-hairs" of higher rates thanks to their long-term leases and high dividend yields, says Jefferies. Also, acquisitions have been "conspicuously missing" this year. If rising rates further temper deals over the next year, it's another negative as these have been an important source of earnings growth. Some of note: Ventas (VTR -3.5%), HCP (HCP -3%), Healthcare Trust (HTA -1.4%), Senior Housing (SNH -2.3%), Omega Healthcare (OHI -3.4%), Healthcare Realty (HR -0.5%), Medical Properties (MPW -3.4%), National Health (NHI -2.4%), Aviv (AVIV -1.7%), Sabra (SBRA -5.3%), and LTC (LTC -2.5%).