22.68 0.00 (0.00%)
After hours: 4:34PM EDT
|Bid||22.65 x 100|
|Ask||22.73 x 100|
|Day's Range||22.50 - 23.21|
|52 Week Range||21.48 - 33.67|
|PE Ratio (TTM)||25.77|
|Forward Dividend & Yield||1.48 (6.42%)|
|1y Target Est||N/A|
In sync with its strategic measures, HCP (HCP) closes the sale of its mezzanine loan that was secured by interests in the Tandem Healthcare Portfolio for $112 million.
In an effort to lower its Brookdale portfolio concentration, HCP (HCP) shifts the management of 24 senior housing communities, currently operated by Brookdale, to Atria.
The second-largest U.S. nursing home operator, HCR ManorCare, will file for Chapter 11 protection in the coming days and transfer ownership to its landlord, Quality Care Properties Inc, the latest sign of distress in the senior housing industry. Quality Care, a real estate investment trust, announced the agreement on Friday, saying it would become the full owner of Toledo, Ohio-based ManorCare's skilled nursing, assisted living, hospice and homecare businesses across the United States.
Since its inception in 2007, Healthcare Trust of America (HTA) has delivered a return of 190.0%, beating the S&P 500 Index (SPX), which delivered a return of 139.0%, and the US REIT Index, which delivered a return of 71.0%. HTA has maintained a 9.7% annualized average total return since its first distribution. Investors who invested $1,000 with HTA at inception could expect the invested amount to increase to ~$2,904 with dividends reinvested at the end of 2017.
Let’s assume that higher long-term rates (3%+) are here to stay. Can REITs (real estate investment trusts) and high rates co-exist? Or must there be just one winner in this suddenly one-sided tug of war? After all, as the 10-year Treasury’s yield has ...