This company released better-than-expected second quarter earnings. The healthcare REIT is making progress on its asset repositioning program. It again covered its dividend with adjusted funds from operations in the second quarter. Management also raised the lower end of its 2018 AFFO guidance. Shares are still dirt cheap. An investment in the stock yields 8.5 percent.
Omega Healthcare Investors, Inc. (OHI) reported better-than expected second quarter results last week that included an updated full-year AFFO/share guidance and solid progress on its asset repositioning program. The healthcare REIT further managed to cover its stable dividend payout with adjusted funds from operations. Shares are still cheap, and the reward-to-risk ratio is compelling. I am comfortable owning my shares in Omega Healthcare Investors. An investment at today's valuation point yields 8.5 percent.
Source: Seeking Alpha
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