Global Medical: A Healthy 8% Yield

04/13/2017 2:50 am EST

Focus: REITS

Harry Domash

Publisher, DividendDetective and Winning Investing

Rising interest rate concerns hurt the usual suspects, including real estate investment trusts last month. Now, it appears that Trump's tax cuts and other economic measures will take some time to be implemented. 

Consequently, concerns about an overheating economy, including rising interest rates, have abated. In fact, T-Bill rates have dropped somewhat. So, we expect to see interest rate sensitive stocks move up in April.

Looking at REITs, we've found that new IPOs usually outperform more established REITs for two or three years. That makes sense since they're building new property portfolios from scratch. With that in mind, we're adding a June 2016 IPO that specializes in advanced medical facilities. 

We're adding Global Medical (GMRE) to the portfolio. A June 30, 2016 IPO, Global acquires state-of-the-art, special purpose medical facilities that it leases to local medical providers. 

Global is managed by a strong management team with extensive experience in healthcare REITs. Global is paying an 8.8% dividend yield.

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