This 4% Yielding Healthcare REIT Is Getting Expensive

Healthcare REITs are my favorite REIT sub-sector right now. The population in the U.S. is aging, and life expectancies are rising... all of which makes for a fantastic investment opportunity over the long haul: Growing demand for senior healthcare. Skilled nursing facilities, senior living communities, and hospitals are all going to profit from a growing share of elderly in our society. Healthcare REITs exploit this growth opportunity and are aggressively investing in a portfolio of healthcare-related properties.

One healthcare REIT that is doing that is LTC Properties, Inc. (NYSE:LTC), and the company has built a national presence over the last couple of years. LTC Properties runs a portfolio of skilled nursing, assisted living, and range of care properties. LTC Properties has made a substantial commitment to growing its real estate portfolio and expanding geographically, and invested more than a billion dollars in its growth. My recommendation is that if you already own shares of LTC Properties, stay invested and collect a solid monthly dividend. If you are not yet invested, hold off for now and wait until shares correct and are no longer overbought.

Source: Seeking Alpha

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