HALISTER: Post-Acute/Skilled Nursing Exposed REITs Drop as Genesis Plunges

Post-Acute/Skilled Nursing Exposed REITs Drop as Genesis Plunges

(Bloomberg) -- Health-care REITs with exposure to post-acute/skilled nursing centers are reacting to Genesis Healthcare earnings miss: Bloomberg Intelligence’s Jeffrey Langbaum.
  • Welltower, Sabra, Omega Healthcare list GEN among largest tenants
  • HCP, Care Capital may be dropping due to “another negative data point” for post-acute/skilled nursing operators
  • GEN down as much as 24%, most intraday since Jan. 25, on ~117% of 3-month avg. vol.
    • HCN down as much as 4%, most since Feb. 11; SBRA down as much as 5.5%, most since March 10; OHI down as much as 4.6%, most intraday since Feb. 9; HCP down as much as 5.3%, most since Feb. 11; CCP down as much as 3.3%
  • Related:
    • Yday, GEN Cuts 2016 Forecasts Below Ests.
    • Yday, Skilled Nursing Spinoff Separates Low-Multiple Business From HCP: BI
    • Yday, Manhattan Tower Planned for Seniors Accustomed to Luxury Living
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
GEN US (Genesis Healthcare Inc)
CCP US (Care Capital Properties Inc)
HCP US (HCP Inc)
OHI US (Omega Healthcare Investors Inc)
SBRA US (Sabra Health Care REIT Inc)

Topics
Exclusive Midcap Coverage
Key Comm. Real Estate News

To de-activate this alert, click here

UUID: 7947283