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Health Care REIT Stats 3-19-14

I had intended to post my historical data on sector average yields - but I posted historical data on sector average Price/FFO ratios. Here is the data I intended to post:

Historical yields for the sector:

Mar 2005: 6.99% June: 6.09% Sept: 6.22% Dec: 6.73%
Mar 2006: 6.18% June: 6.79% Sept: 5.85% Dec: 5.28%
Mar 2007: 5.33% June: 6.24% Sept: 5.90% Dec: 5.77%
Mar 2008: 5.84% June: 6.33% Sept: 5.25% Dec: 6.89%
Mar 2009: 9.11% June: 7.88% Sept: 6.67% Dec: 6.31%
Mar 2010: 6.67% June: 6.09% Sept: 5.62% Dec: 5.75%
Mar 2011: 5.48% June: 5.64% Sept: 6.02% Dec: 5.34%
Mar 2012: 5.16% June: 4.84% Sept: 4.89% Dec: 4.69%
Mar 2013: 4.66% June: 5.09% Sept: 5.49% Dec: 6.02%
Click to enlarge

And here is the current year to date data. Given today's market fall - the yields on all the stocks in the sector has improved.

Health Care Update for Q1-14

Yields are calculated on Q1-14 dividends. HCN has announced a February increase in the dividend to $0.795/share - OHI an increase to $0.49/share - SBRA an increase to $0.36 - MPW increased to $0.21/share. The Dividend/FFO ratio uses the 2014 FFO projection. AVIV started trading on 3-21-13 and DOC on 7-19-13. The sector average LTM (last twelve month) dividend change omits AVIV and DOC from that calculation. VTR has atypically had two dividend increases in the LTM. NHI has already announced an increase to $0.77 in its Q2-14 dividend.


  Share Price 2014 FFO Estimate   Div/ Percent Change LTM
Company_name_and_ticker 1-01 03-19 1-01 03-19 Yield FFO Price Pr+Div 14 FFO Target Div

Aviv REIT (NYSE:AVIV) 23.70 24.64 1.85 1.82 5.84 79.12 3.97 5.49 -1.62 0.38 0.00
Physicians Realty (NYSE:DOC) 12.24 13.27 0.98 0.95 6.78 94.74 8.42 10.25 -3.06 2.19 0.00
Health Care REIT (NYSE:HCN) 53.57 57.18 4.00 4.02 5.56 79.10 6.74 8.22 0.50 -4.17 3.92
Health Care Prop (NYSE:HCP) 36.32 36.31 3.06 3.02 6.00 72.19 -0.03 1.47 -1.31 -5.90 3.81
Health Care Realty (NYSE:HR) 21.31 23.41 1.41 1.45 5.13 82.76 9.85 11.26 2.84 -3.81 0.00
Health Care Trust (NYSE:HTA) 9.84 11.22 0.69 0.72 5.12 79.86 14.02 15.49 4.35 0.00 0.00
LTC Property (NYSE:LTC) 35.39 37.32 2.65 2.63 5.47 77.57 5.45 6.41 -0.75 0.00 9.68
Med Prop Trust (NYSE:MPW) 12.22 12.59 1.12 1.12 6.67 75.00 3.03 4.75 0.00 -0.68 5.00
Nat'l Health Inv (NYSE:NHI) 56.10 59.84 4.13 4.08 4.91 72.06 6.67 7.98 -1.21 0.79 9.70
Omega Health (NYSE:OHI) 29.80 32.46 2.73 2.74 6.04 71.53 8.93 10.57 0.37 -4.62 8.89
Sabra Health Care (NASDAQ:SBRA) 26.14 26.93 2.20 2.27 5.35 63.44 3.02 4.40 3.18 3.30 5.88
Senior Housing (NYSE:SNH) 22.23 21.88 1.74 1.76 7.13 88.64 -1.57 0.18 1.15 -2.95 0.00
Universal Health (NYSE:UHT) 40.06 41.44 2.80 2.83 6.03 88.34 3.44 3.44 1.07 0.00 0.81
Ventas (NYSE:VTR) 57.28 58.92 4.36 4.36 4.92 66.51 2.86 2.86 0.00 -5.87 8.21

Average           5.78 77.92 5.34 6.63 0.39 -1.52 4.66

Click to enlarge

Dividend dates are:

AVIV: 04-11-14 DOC: 02-06-14 HCN: 02-19-14 HCP: 02-24-14 HR : 02-27-14 HTA: 04-02-14 LTC: monthly
MPW: 04-10-14 NHI: 05-08-14 OHI: 02-17-14 SBRA: 02-27-14 SNH: 02-20-14 UHT: 12-30-13 VTR: 03-27-14
Click to enlarge