#6 - Omega Healthcare Investors (NYSE:OHI)
A lower risk way to invest in the health care sector is through a real estate investment trust (REIT) that specializes in health care properties. That’s the case with Omega Healthcare Investors (NYSE:OHI). The company invests in skilled nursing and assisted living facilities which will continue to be in demand as the aging of America continues.
Like all REITs, Omega Healthcare pays a dividend that currently pays $2.68 per share annually which calculates to a current dividend yield of 9.35%. Furthermore, the company has increased its dividend in each of the last 19 consecutive years.
OHI stock is down 23% in the last 12 months and is still down 34% from its pre-pandemic highs. The stock went on a bit of a roller coaster ride in 2021 perhaps dictated by the uneven nature of the recovery. However, with Covid restrictions now largely lifted, the outlook for Omega looks better. Analysts give the stock a $36.30 price target which would be a 24% gain to go along with an attractive dividend.
About Omega Healthcare Investors
Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.
- Current Price
- $37.81
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $40.18 (6.3% Upside)
