Is Healthpeak Properties Stock a Buy?
Shares of healthcare real estate investment trusts (REITs) with senior housing exposure have been volatile as COVID-19 has spread through the United States. Healthpeak Properties (NYSE: PEAK) is no different. The shares are down massively one day, up massively another. With a yield that's well above the market, is it worth stepping into this crazy trading? If you are looking for a diversified healthcare REIT today, Healthpeak may be one of the better options. Here's why.
Healthpeak used to be known as just HCP, with that name itself an abbreviation of Health Care Properties. It's one of the largest and most diversified healthcare real estate investment trusts around. But it is a very different company than it was a decade ago. At one point the REIT had notable exposure to nursing homes. That niche, however, took a turn for the worse, and led to a restructuring of the portfolio that included a spin-off of nursing home assets and a dividend cut. Competitors weathered this period much better.
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Source Fool.com
