reason is interest rate uncertainty which specifically affects this stock, especially in light of bernake's remarks. bought 1000 shares in june'04 at 9.65. divs reinvested and will have 1200 shares after july div. so, rate 6.7% and return on equity over 14%. best yet is their nitch business where aging boomers will provide a steady stream of customers. this is ideal stock for retirement portfolios, imo. hope this helps. would appreciate contrary views.
I imagine it is because worries of increasing interest rates. I like the 6.8% yield here though. I also own NHI which got hit a little bit, but seems to have done better during the past month or so (they have a little more cash and a potential merger in the works.) I'm going to wait until I want to see this quarter's performance to make any actions.