Omega Healthcare Investors: An 8% Yielder That Will Benefit From Aging Population
By Bret Jensen:Welcome to May! So much for this year being different than 2010 and 2011. The market has had a lousy month so far as headwinds from Europe and signs of slowing domestic growth have rocked the market after months of a nice rally, eerily similar to the two previous years. Energy, Tech, and Materials have had a hard time over the last few weeks. What seems to be holding value are high yielding/low beta vehicles such as energy MLP's, BDC's and REITs. One REIT that recently reported solid earnings is Omega Healthcare Investors (OHI). It provides an almost 8% yield and should benefit from long term demographic changes as the country ages.Key earnings highlights for OHI:
- FFO increased to 46 cents per share compared with 39 cents a share in same quarter of 2011.
- It raised its distribution payout to 42 cents per share versus 41 cents per share.