CareTrust REIT - McKnight's Senior Living

CareTrust REIT

Business briefs for Wednesday, Dec. 2

PA governor vetoes bill giving senior living and care organizations limited liability protections … Americans’ feelings of financial security remains at pre-pandemic levels: survey … Older adults with dementia often miss bill payments 6 years before diagnosis: study … Nashville, TN, senior living community plans $75M expansion … CareTrust REIT extends $15M mezzanine loan to Next Healthcare for 9-property Virginia SNF acquisition … ESI arranges $9.6M sale of Pennsylvania skilled nursing facility

Healthcare professional in protective gloves & workwear holding & organising a tray of COVID-19 vaccine vials. The professional is carrying out researches on COVID-19 vaccine in laboratory.

Vaccine news boosts analysts’ views on skilled nursing; concerns remain around future of seniors housing: Mizuho

As Nareit’s REITworld: 2020 Annual Conference wrapped up last week, analysts at Mizuho Securities USA say they remain positive on the skilled nursing sector given the promising vaccine news, strong government support of the industry and an improving acquisitions outlook. And although the vaccine news also is a major positive for senior housing, analysts also worry that the recent rally in the sector’s stocks may be reflecting a far rosier recovery than likely is to occur, and that the 2021 earnings outlook may disappoint.

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Concerns over skilled nursing REITs ‘overblown’: Mizuho

The qualified audits of skilled nursing operators Genesis Healthcare and Signature Healthcare have raised concern about the sector among some investors. But one investment banking firm is predicting strong third-quarter earnings for skilled nursing focused real estate investment trusts such as Omega Healthcare Investors and Sabra Health Care REIT. That’s according to an analysis in GlobeSt.com this week.

Business briefs for Thursday, April 23

Healthpeak sells West Palm Beach, FL, senior housing facility at huge discount … Genesis Healthcare founder dies of coronavirus … NIC founder Bob Kramer launches senior advisory services firm … CareTrust REIT to hold annual meeting virtually

Business briefs for Monday, March 23

CareTrust REIT announces $150 M share repurchase program … The financial markets set these seven records last week … Coronavirus leads U.S. to extend tax filing deadline to July 15 … New York senior community gets refi from Freddie Mac

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