I am adding to my existing long position in this REIT at a fast clip these days. It has dropped to a new 52-week low @$26.06 last week. Long-term demand drivers are unaffected by short-term tenant problems, dividend coverage stats are very healthy. Investors are fearful, but the dividend does not seem to be at risk. An investment in the stock comes with a near 10 percent dividend yield which I consider to be sustainable.
I am currently buying Omega Healthcare Investors, Inc. (NYSE:OHI) pretty aggressively as I see shares as quite undervalued and oversold. SNF-focused health care REITs are not exactly on the top of investors' shopping lists after Omega Healthcare Investors' revealed some (solvable) tenant problems last year, but I think this is a huge opportunity for income investors to gobble up a leading health care REIT at a very favorable valuation. Omega Healthcare Investors will continue to raise its dividend payout slowly and diligently. An investment in OHI comes with an entry yield of 9.95 percent.
Source: Seeking Alpha
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Yep I wish I would have waited for the price to drop before I invested in them. I think they will solve their issues and keep that dividend raising.
Later,
DFG