SNR - SNH: A Dividend Cut In The Making

Senior Housing Properties Trust (SNH) has one of the highest healthcare sector yields.

The last 12 months have seen this stock get beaten down compared to its peers with only New Senior (SNR) doing worse.

We decided to look at the dividend coverage and property fundamentals to see if this made a good buy at this point.

The business

SNH has a diversified portfolio of properties spanning 42 US states and 6 property types.

Source: SNH Q3-2018 supplemental

In that sense SNH's portfolio

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