Own these three small Medical Reits but wanted to drop one and add to my position with the remaining reits. Anyone have opinion on this group of similar REITS.
I have MPW, OHI, and HTA - I keep a smaller proportion in OHI due to greater risk - all 3 have been great over the past year but I've had MPW since 2009 so it's been a long road down and back up again. Recently sold VTR due to a pretty big gain. Would like to get back in but at lower price.
I know that VTR is expensive now around $70+ a share but they will do more purchases this year with money from Senior notes etc and if the past is any indication of the future they will grow in price and dividend-- I would be very surprised if HTA is not acquired this year by either VTR or HCN-- all of the largest REITS are branching out with MOB that are non government regulated and produce a steady income--with 32 million new clients in healtcare- doctors in office buildings will replace Emergency Rooms as the first line of defense.
I own all 3. I agree with Conjour that OHI is better than MPW because OHI has a better track record of raising their dividend. I have a very large position on OHI. I also like SNH a lot and have bought it recently. Since both have a larger yield than MPW, I like both of them better. People are concerned about Medicare/Medicad cuts, which will affect SNH and especially OHI more than MPW. I think the fears are overblown.
It's refreshing to get honest dialog. I will keep MPW to see if it gets some traction after their additional equity issuance. I added additional OHI recently after disposing of some high yield bonds.
I believe that those running the facilities will receive a 2% cut in benefits from the government which should not create a problem-ou71764 you may be in a very good position since down the road at least one of your REITS . will probably be bought by either VTR or HCN.
I own various Health care Reits such as HCN,VTR HTA to name a few that have branched out and acquired Medical Office Buildings that are true money makers without the Government sticking their nose in them. SNH has purchased some this year-OHI is still one dimentional and that does not please me-similar to putting all your eggs in one basket BUT hard to knock them with their growth and high divvy rate.
MPW has kept the same 20 cent dividend since Dec. 2008 after decreasing it from 27 cents. OHI did not decrease their dividend during that same time period when REITS were out of favor and since that time OHI has increased their dividend by 50% from 29 to 45 cents.--- both are at their 52 week highs but I like OHI's track record