3 Healthcare REITs With Dividends That Yield More Than 6%

Omega Healthcare (NYSE: OHI), LTC Properties (NYSE: LTC) and Sabra Health Care (NASDAQ: SBRA) are real estate investment trusts (REITs) that lease properties to skilled nursing facilities and assisted living facilities that cater to the growing number of seniors. These "triple-net" leases require the lessee to pay taxes, insurance, and maintenance. 

In the short term, all three companies have taken a hit because of the coronavirus. The number of nursing home deaths due to COVID-19, particularly at the beginning of the pandemic, has hurt occupancy levels and eroded investor confidence. Shares of all three businesses are down since the beginning of the year.

However, there are reasons I see this space as a good opportunity, particularly in the long term; the need for assisted living and senior housing is only expected to increase as baby boomers age. In the meantime, these companies' reduced share prices mean that their already generous dividends are yielding above 6%.

Continue reading

Source Fool.com