Sabra Healthcare (NASDAQ: SBRA) is offering investors a hefty 9.5% dividend yield today. That should attract the attention of most dividend-focused investors, but it should also raise some concerns. Why is that yield so high?

In 2020, Sabra cut its dividend, which was not unusual in the healthcare real estate investment trust (REIT) space. The reason for the cut was pretty simple: The REIT generates a significant portion of its rents from senior housing assets, particularly from nursing homes. When COVID-19 first started to spread, it was most deadly for the elderly with additional medical conditions, and it spread most easily in group settings. Nursing homes were, as you might expect, hit very hard.

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Source Fool.com