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Healthcare real estate investment trusts (REITs) are companies that own, operate, or invest in the health care sector, such as hospitals, nursing facilities, and nursing homes.
Healthcare REITs offer a unique combination of stability and growth potential, which makes them attractive to income investors. Like all REITs, health care REITs must distribute a large portion of their taxable income to shareholders through dividends, often resulting in higher yields.
As health care needs continue to rise, health care REITs offer a promising opportunity for those looking for a sustainable portfolio. Let’s take a look at three that you can buy today.
Popular:
Healthpeak Properties, Inc. Fact Sheet
Healthpeak Properties (NYSE:DOC) is the leading owner and operator of overseas medical facilities in the United States. As of June 30, its portfolio consisted of 733 operating properties, including 579 outpatient medical centers and 120 laboratories, as well as 25 other properties under development or under development.
Healthpeak currently pays a quarterly dividend of $0.30 per share, which equates to $1.20 per share, and its stock currently yields about 5.5%.
In addition to boasting a wide range of products, Healthpeak is a reliable parts supplier. It has maintained its quarterly dividend rate of $0.30 per share through January 2021, and its steady cash flow should allow it to continue to do so going forward.
Health Care Realty Trust Incorporated
Health care Realty Trust (NYSE: HR) is a leading owner and operator of outpatient facilities located near market-leading hospital companies. As of June 30, its portfolio consisted of 673 properties totaling 40 million square feet across 35 countries.
Health Care Realty Trust pays a quarterly dividend of $0.31 per share, which equates to $1.24 per share on average, and yields 7.1% per share for the period.
Like Healthpeak Properties, Healthcare Realty Trust is a reliable dividend payer, maintaining its current quarterly dividend rate of $0.31 per share through January 2022. A stable cash flow of k the company and its management team’s focus on accelerating growth and improving its dividends should allow it to continue. to do so for the foreseeable future.
Do Not Pass:
Alexandria Real Estate Equities, Inc.
Alexandria Real Equities (NYSE: ARE) owns and manages leased properties in the life sciences industry in the United States. As of June 30, its portfolio consisted of 408 properties with approximately 42.1 million leasable square feet.
Alexandria Real Estate Equities currently pays a quarterly dividend of $1.30 per share which equates to $5.20 per share and gives its stock a yield of approximately 4.7% at the time of this writing. .
What sets Alexandria Real Equities apart from the other REITs discussed in this article is its impressive record of dividend growth. It has raised its annual dividend for 13 consecutive years, and its 2.4% increase in June is on pace for 2024 to mark its 14th consecutive year of increases.
Better Yields Than Other REITs?
The current high interest rate environment has created an incredible opportunity for investors seeking high yields, but not through REITs.
Real Estate, the Jeff Bezos-backed investment platform, has launched a Private Credit Fund, offering access to a pool of short-term real estate-backed loans with interest rates ranging from 7% to 9% annual yield paid to investors every month. It paid 8.1% in July. The best part? Unlike other private loan funds, this one only has a minimum investment of $100.
When long-term rates are falling and short-term rates remain high, there is a unique opportunity to invest in repairing and refinancing loans before yields drop. Check out your favorite Benzinga offers.
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This article 3 Healthcare REITs Gain Up to 7.1% to Buy in August originally appeared on Benzinga.com
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