RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:As expectedI was planning to buy HHL to diversify my portfolio, but it never reached my target price. In the meantime, Harvest introduced HDIF which includes HHL as (currently) one of 6 equally weighted diverse covered call ETFs. I bought $100k of HDIF at $8.17 per unit during the market drop in mid July ... thereby locking in a yield at cost of 10.3%. Currently trading at $9.10 and 9.4% yield. Sweet!
flamingogold wrote: Currently, my two main holdings in healhcare are EXE and HHL. The former, as everyone knows, was hit hard by covid. But, being a contraian, I managed to pick it up for a $5.40 average or 8.9% dividend, which by the way, paid through the entire covid downturn despite all the negative media attention. Any time that gets under $7 is a strong buy. I should also mention that insiders were aggressively buying during covid.
The other is more diversified and also something I bought during covid for a $6.50 average. I hold only for the payout as it is a major snorefest otherwise.
JayBanks wrote:
flamingogold wrote:
I've owned DR as well, had to buy during the covid lows to get my average down then exited with a small gain. They use to pay monthly, now it's quarterly so it's not high on my watch list unless it goes under $7 again.
I really liked DR, for those that don't know they owned either the rentals of health care properties or the properties themselves (I forget specifically and I know they altered their model a couple years ago) and they attract most specialists to be tennants, I believe in some case the specialist has an interest and DR will acquire what's needed so they acted as a middle man/securer on space... they also could help in other ways for practices to get started and move along. I believe everything they held was in several states a lot of more rural or hub areas with multi-specialized units on a property. I believe they are not/do not want to be a REIT tho they pretty much act like one, and something about that is why they prefer to list in Canada, I don't remember exactly that story either lol... (when watching 150+ names you kinda throw away details of stuff your not watching regularly)
I don't know if they are built the same now as it's been a while since I've checked in... they used to pay 6-9% dividends but they had to cut and got beat up pretty bad... I really should refamiliarize myself with what they got going on now as I liked their ideas.
You can likely conferm if they pay thier div in USD and then convert it back to CAD like AEM? Also is their anything else we should know about holding them?
NWH was always one of my top 3 when watching REITS but they have had big quick moves which made me uncomfortable, but in my watching it was usually upward, tho you could check in one day and it's down 5-20%... they aren't really supposed to move like that so fear kept me away from pulling the trigger.
Also if you like the space, I was recently made aware of DHT-UN as a healthcare trust... I'm yet to get info on them as I'm just currently watching how they move on a watch list.
I want to get into Health Care WBE making consumable paper products for the industry was a major factor in me jumping in on them, and I'm on the edge of buying HTL as a growth play as they deal with precision instruments for procedures... I've thought about SIA and the like, but boy did they look terrible during the pandemic...