Even if the Stock Market Crashes, I'm Not Selling Ventas
Healthcare real estate investment trust (REIT) Ventas (NYSE: VTR) was crippled by the coronavirus pandemic. It got so bad that the company cut its dividend by nearly 45% after a decade of annual dividend increases. But the landlord is still standing and its business is starting to show signs of an upturn. Even if the market tanks again, like it did in 2020, I'm not selling this stock.
For healthcare REITs that own senior housing, like Ventas, 2020 was a trial by fire. The coronavirus spreads easily in group settings and older adults are more at risk of serious effects of the virus. Given that senior housing is purpose-built to bring older people into a group setting, it is hardly shocking that the pandemic was hard on Ventas and its closest peers.
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Source Fool.com
