Senior Housing Properties Trust Dividend Cuts & Share Price Continues Decline
Are you concerned about your investment in Senior Housing Properties Trust (NASD: SNH)? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that recommended the investment.
Senior Housing Properties Trust, a publicly traded Real Estate Investment Trust (REIT), reportedly owns an $8.6 billion investment portfolio consisting of 436 properties in the U.S. including independent and assisted living communities and medical office buildings.
In the past year, the REIT’s share price has dropped 46% and now a substantial 60% dividend cut in 2019 may leave investors shaking their heads. According to analysts, the REIT could possibly be heading for bankruptcy court.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Senior Housing Properties Trust to investors.
REITs often pay a high dividend but certain advisors may have unsuitably recommended Senior Housing Properties Trust in an effort to “chase yield.”
Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.
Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.
If you are concerned about your investment in Senior Housing Properties Trust or another REIT, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.