conjourt, i've been asking the same question on the ohi board.......
if u look at the daily charts for vtr, hcn, ohi and probably any other healthcare reit you will see that they look exactly the same.......some hedge fund or other entity ran them all up on the guise of "defensive plays" and now they are dumping like crazy. it looks as if we should reach a support here...if not look out below. wish i had seen buying coming in at the end of the day. MANIPULATION of the grandest kind.
You've made me curious about a possible hedge. They all have taken a 17, 18 and 19% drop from their peak. OHI was 19% but has the lowest PE and highest DIV. I'm thinking of going long OHI and shorting one of the other 2.
I bought a few thousand at $70 - $71 and keep seeing positive ratings with price proj's of $77
By the way I love Spam, try it cut up small on a frozen Tostino's pizze with onions and bell pepper and cheese sprinkled on top!
I think that the major bleeding is over--Reits should move in a short range till another round of earnings-then move depending on the outcome-you may have been 2 weeks late to consider shorting one of these Reits