Meditrust is a paired REIT. It has a 14% yield. It closed at 18 3/16th on 9/21/98. Its 52 week range has been 13.68 - 45.06. P/E is 9.
This stock has been battered more than most REITS. The question about whether it will keep its paired status adds confusion.
MT is primarily owner of about 500 medical related properties - clinics, medical office buildings, assisted living communities, retirement communities, hospital buildings, nursing homes, etc.
It gained its paired status by purchasing a race track (Santa Anita, I think). More recently it purchased Cobblestone, about 30 golf properties, and La Quinta Inns, motel properties.
It has been up over the past several days, along with most other REITS.
This looks like a buying opportunity on this stock. It makes money, pays a good dividend, and is growing about 10% a year. |
