2024-06-14 12:21:15 ET
Summary
- Omega Healthcare Investors covered its dividend with adjusted funds from operations in 1Q24, with an improved margin of safety.
- The trust completed $75 million in new investments in 1Q24 and continues to divest underperforming assets, maintaining a moderate risk/reward relationship.
- Omega Healthcare Investors anticipates earning $2.70 - $2.80 per share in adjusted funds from operations in 2024, selling for a 11.6x AFFO multiple.
Omega Healthcare Investors Inc. ( OHI ) is a leading skilled nursing REIT in the United States and managed to cover its dividend with adjusted funds from operations in the first quarter and the margin of safety improved QoQ. With that said, however, a pay-out ratio of 97% overall implies a narrow margin of safety....
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Omega Healthcare Investors: 8.4% Yield And Selling Below Fair Price