Stocks ticked lower this morning, one day after Wall Street’s steepest sell-off in nearly two years. On Wednesday, the Nasdaq plunged 4.7%. The Dow sank more than 1,000 points, and the S&P 500 lost 4% for its worst one-day decline since June 2020. The losses were primarily driven by lower-than-expected earnings results and dismal forecasts from major retailers Target (TGT) and Walmart (WMT).
“It’s a gloomy morning as stocks tumble pretty much everywhere on the planet. The Walmart/Target blow-ups cast an extremely negative pale over the tape, kicking over the modest stability witnessed in markets Thurs-Tues,” said Adam Crisafulli of Vital Knowledge.
As investors navigate a volatile stock market, many are rotating into more defensive sectors like utilities, healthcare, and consumer staples which are necessary for all phases of the business cycle and tend to offer more stability as compared to growth and tech stocks. Even better are tickers from these sectors that come with a reliable payout. Today we’re looking at a high-yielding healthcare ticker with a reputation for stability during rough patches.
High-yielding health-care-focused real estate investment trust (REIT), Sabra Health Care REIT (SBRA), owns and leases more than 400 senior housing and skilled nursing facilities throughout the U.S.
As you would imagine, occupancy rates at senior housing facilities took a hit as a result of COVID-19, which raised concerns about possible rent delinquencies. But due to the essential nature of care facilities, the recovery has been swift. Senior and skilled nursing occupancy rates bottomed more than a year ago and have been steadily rebounding ever since. In February, the company reported that 99.6% of forecasted rents had been collected since the start of the pandemic.
SBRA’s full-year 2021 investment activity totaled $419.4 million with a weighted average estimated stabilized cash yield of 7.6%, including the completion of the first tranche of the previously announced investment in Recovery Centers of America for $290.0 million at a 7.5% yield.
With the worst of the pandemic in the rearview, this high-yield REIT is perfectly positioned to benefit from demographic trends that include aging baby boomers and increasing demand for care-based housing.
Should you invest in Sabra Health Care right now?
Before you consider buying Sabra Health Care, you'll want to see this.
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