Irrational Valuations for REIT Shares

What a week it has been. At the market’s close on Wednesday, Ventas was yielding 18.7%, Omega Healthcare Investors 18.0% and Sabra Health Care REIT 30.4%. This assumes they all maintain their current dividend rates. Ventas just announced the payment date for its dividend at the same rate as last year.  Of course, Ventas plunged by 19% on Wednesday, Omega by […]

 

Genesis HealthCare Sees Share Value Rebound

It’s no surprise that Genesis HealthCare has seen a significant drop in its share value as a result of Covid-19. The company owns and operates facilities that care for a medically-complex population that is most vulnerable to the virus, which is a huge risk in itself. The horrifying situation at a Life Care Centers facility in Kirkland, Washington, where 129 cases […]

 

People on the Move

Right before Covid-19 brought everything to a stand-still, there were some hiring announcements in the senior care industry worth mentioning. We hope virtual onboarding can be just as effective. JLL Capital Markets announced that Alanna Ellis has joined the firm as a Director in its Seattle office and will be responsible for sourcing debt and […]

 

 

Collapse of Brookdale and Capital Senior Living Continues

We are officially in unchartered territory. It is now quite embarrassing that we stated two years ago, as Brookdale Senior Living’s share price dropped below $10, that it had reached a floor. Yes, hindsight is 20/20, but we don’t know anyone who really predicted how drastic it has actually become for senior living stocks. The […]