America Is Hitting "Peak 65" According to CBS – Fueling Growth Of These 3 Stocks (OHI, WELL, ARE)

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According to a recent CBS News report, over four million Americans will turn 65 in 2024 and every year through 2027. Experts call this trend "peak 65" or the "silver tsunami." This demographic shift is creating a lucrative opportunity for savvy investors.

So, how can you profit from the Baby Boomer generation entering retirement? Well, health care real estate investment trusts (REITs) own, operate and finance properties in the health care sector, such as hospitals, nursing facilities and senior housing. With a massive number of people entering retirement and life expectancy rising, these facilities are poised to see unprecedented demand.

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In addition to their growth potential, health care REITs offer high dividend yields because REITs are required to distribute a large percentage of their taxable income to shareholders through dividends.

Let's check out three high-quality health care REITs you could buy today.

Omega Healthcare Investors, Inc.

As of June 30, Omega Healthcare Investors (NYSE:OHI) owns and manages a portfolio of 900 skilled nursing and assisted living facilities in 42 U.S. states and the U.K., with 86,383 beds.

Omega currently pays a quarterly dividend of $0.67 per share, which equates to an annualized dividend of $2.68 per share and gives it a yield of about 6.6% at the time of this writing.

In addition to sporting a very high yield, Omega is a reliable source of income as it has maintained its current quarterly dividend rate since October 2019. Its stable cash flow and the growth it should see from the "silver tsunami" should allow it to continue delivering a steady flow of income to its shareholders for the foreseeable future.

Welltower Inc.

As of June 30, Welltower (NYSE:WELL) owns and manages 2,095 health care properties, including senior housing, post-acute care centers and outpatient medical centers, in the United States, Canada and the United Kingdom.

Welltower currently pays a quarterly dividend of $0.67 per share, which equates to an annualized dividend of $2.68 per share and gives it a yield of about 2.1% at the time of this writing.

It's also important to note that Welltower raised its dividend by 9.8% in June. Before the increase, Welltower had maintained a quarterly dividend rate of $0.61 per share since May 2020. Its strong operational performance in recent quarters and the increased demand it could see from the aging population could allow this to be the start of a long streak of annual increases.

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Alexandria Real Estate Equities, Inc.

As of June 30, Alexandria Real Estate Equities (NYSE:ARE) owns and manages 408 properties leased to the life sciences industry containing approximately 42.1 million rentable square feet. It proudly states that it’s the preeminent and longest-tenured owner, operator and developer of collaborative life science mega campuses.

Alexandria Real Estate Equities currently pays a quarterly dividend of $1.30 per share, which equates to an annualized dividend of $5.20 per share and gives it a yield of about 4.2% at the time of this writing.

While it has the second-highest yield of the stocks discussed in this article, Alexandria Real Estate Equities has the most impressive track record of dividend growth. It has raised its annual dividend payment for an impressive 13 consecutive years and its 2.4% hike in June has it on track for 2024 to mark the 14th consecutive year with an increase.

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This article America Is Hitting "Peak 65" According to CBS – Fueling Growth Of These 3 Stocks (OHI, WELL, ARE) originally appeared on Benzinga.com

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