Health Care REIT (NYSE:HCN) — This Real Estate Investment Trust’s (REIT) portfolio consists of senior and health care real estate, including senior housing communities, skilled nursing/post-acute facilities, medical office buildings, inpatient and outpatient medical centers, and life science facilities. Last year, HCN also acquired Genesis Healthcare Corp.
This REIT has had a steady increase in earnings, reporting $2.18 in 2010 and $3.01 in 2011, and with estimates of $3.56 for 2012 and $3.93 for 2013. It has high predictability due to the large number of triple net leases and the resultant revenue stream.
Technically HCN is in a powerful bull market as it hugs its 200-day moving average and bullish support line. However, following last week’s breakout, it appears slightly overbought as confirmed by the stochastic.
Buy the stock under $56 for a run to $63 or as a long-term hold. HCN has a dividend yield of 5%.