2024-05-20 01:39:13 ET
Summary
- Black Stone Minerals beat EBITDA estimates handily and decreased the distribution by 22%, generally as we expected.
- The company's coverage ratio is now at 1.22x and offers a 9% yield.
- Healthcare Realty beat AFFO per share estimates by 1c and announced a joint venture with KKR, selling an 80% stake in assets for $300 million.
- HR at a 7.0% cap rate suggests a $17 stock; assets were just sold in the 6.5-6.75% range.
- We like the improving story at HR and would now add shares below $15sh.
For some background, we first wrote up Black Stone Minerals ( BSM ) in early 2019. We added to it throughout the pandemic and continue to recommend the units to investors....
Read the full article on Seeking Alpha
For further details see:
Two High Quality 8-9% Yielding Stocks Worth Considering