As expected, the Fed hiked interest rates today and I was waiting for the market reaction. It wasn’t as I expected (or hoped for), but let’s start with a short introduction first.
Right now, I’m especially interested in the attractive priced healthcare REITs. I already own OHI and wouldn’t mind to add here too, but my watchlist suggested to look into Care Capital Properties (CCP) first. They operate both almost exclusively in the skilled nursing segment (CCP 91%, OHI 89%):
It seems the political risk of possible changes of the operating environment together with the omnipresent hike rates really discount pure play skilled nursing REITs (and senior housing):
I accept the risk and I would love to add more healthcare REITs to diversify more into this sector. As initially stated, I was hoping for a bigger drop in the sector today, but it was the other way around (as always) and so I started a position in CCP and bought 50 shares at $24.55 this added $ 114.00 to my annual income.