Seniors Housing Weekly Update -- Seniors Housing Bull Market Continues
January 29, 2013
Seniors Housing Bull Market Continues
As you know, 2012 was a great year for investing in seniors housing and health care REIT stocks. They beat the overall market by a fairly wide margin, and the bull market train is continuing down the tracks in 2013. After a record 135% gain last year, Capital Senior Living is already up 15% this year as is Five Star Quality Care, followed by Brookdale Senior Living and Emeritus, which are both up about 10% to 11% so far in 2013. The only stagnant stock continues to be Assisted Living Concepts. Health care REITs are also up, but the “Big Three,” Ventas, HCP and Health Care REIT, have only increased by 3% to 5%, while the smaller cap stocks, such as Sabra Health Care REIT and National Health Investors, have already increased by 16% and 13%, respectively, followed by Omega Healthcare Investors with a 9% increase and LTC Properties, up 6%. With these increases in market value, you can expect more capital raises and more investments. Unfortunately, the skilled nursing sector remains subdued.