SNH - Senior Housing Properties Trust: This 7.7%-Yielding Healthcare REIT May Be A Speculative Buy
Senior Housing Properties Trust (SNH) is not in an envious position: The healthcare real estate investment trust announced a major restructuring with respect to one of its largest operators in April which caused the stock to slump. Rental revenues and AFFO/share also dropped in the last quarter, causing the REIT to underearn its dividend. As a result, Senior Housing Properties Trust slashed its dividend by 61 percent, which exacerbated the sell-off. An investment in SNH at today's price point yields 7.7 percent.
Portfolio Overview
Senior Housing Properties Trust is a large, diversified healthcare