Senior living firms buckle under pressure from COVID-19

Assisted living facility and nursing home operators and related REITs have been hit particularly hard during the broad market’s COVID-19-related swoon. Investors, rightfully so, perceive substantial risk to companies’ operations if COVID-19 strikes any of their locations, considering the heightened susceptibility of its elderly residents. An outbreak could be fatal to many and would virtually shut down new resident sign-ups.

Selected tickers: Brookdale Senior Living (BKD -4.2%) (down 75% since mid-February), Ventas (VTR -7.2%) (down 63% in about the same timeframe), Sienna Senior Living (OTCPK:LWSCF -1.7%) (down 42%), Capital Senior Living (CSU +4.3%) (down 76%), Sabra Health Care REIT (SBRA +1.1%) (down 67%), Welltower (WELL -3.7%) (down 59%).

https://seekingalpha.com/news/3552507-senior-living-firms-buckle-under-pressure-from-covidminus-19