Why Not Buy This 6.3%-Yielding SWAN REIT Near 52-Week Lows?

This REIT is a SWAN in the healthcare REIT sector. The company makes a compelling value proposition: It has a fortress balance sheet, a strong, diversified, long-duration lease portfolio and a conservative FFO payout ratio. It has a history of growing its dividend. Shares sell for a competitive run-rate FFO multiple. An investment in the stock yields 6.3 percent. The dividend is distributed monthly.

I added to my long position in LTC Properties, Inc. (LTC) at the end of last week. Three reasons stood out why I doubled down on the healthcare REIT for my income portfolio: LTC Properties profits from long-term demand trends in the senior-focused healthcare sector, the company easily covers its dividend with cash flow, and the healthcare REIT has a history of growing its dividend. An investment in LTC Properties yields 6.3 percent, and the dividend is paid on a monthly distribution schedule.

Source: Seeking Alpha

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