Senior Housing Properties Trust (NYSE:SNH)
CAPS Rating:
The Company is a real estate investment trust whose present business plan contemplates investments in age senior apartments, independent living properties, assisted living properties and nursing homes and encourage development of new properties.
RSS Headlines
Fool UK
Recs
Senior healthcare REIT... great opportunity to get in after the market REIT downshift. Not sure about the debt level though.
Total Debit :) $567 million (MRQ),Debit / Equity :) 0.325,No debit due untill :) 2012,Book Value $15.215.Currently yield of 11.37% based on today's closing price! Seems like a buy it is worth the risk. Yes, earning may evantuly drop in coming qtrs based on future occupancy rates softening - but even a fifty percent drop in the dividend still leaves me at a yeild above my cost of money. The good news is the dividend is currently covered by FFO at about 91%.