“It’s never too late to retire early”

Omega Healthcare Investors (OHI)

Omega Healthcare Investors (OHI)

Omega Healthcare Investors is the largest REIT focused on skilled nursing facilities. It owns 954 properties across the U.S. and the U.K., representing nearly 97,000 patient beds and a portfolio net asset value of $10.2 billion as of March 31.

This REIT was hit hard by COVID-19 as it saw nursing home occupancy rates fall 11% from January 2020 to January 2021. OHI is on the road to recovery, though, with occupancy rates improving 3% in the first five months of this year. In addition, Omega was able to collect 99% of rents during the March quarter.

OHI has delivered nearly 9% annualized FFO growth since 2004 and 17 consecutive years of dividend hikes, including an 11% average annual increase over the past five years. However, despite its position as the largest skilled nursing operator, Omega has tapped only 5% of its potential market, and the REIT expects to double in size over the next ten years via a combination of acquisitions and development.

This high-quality REIT receives top rankings from UBS strategist Keith Parker, who named OHI among his favorite real estate picks in June. In addition, OHI shares are priced at a 12-times multiple to forward adjusted FFO and a 45% discount to industry peers.

Top headlines you shouldn’t miss

Ten medical technology stocks to consider for your portfolio

No-brainer tech stocks to buy in the next market sell-off

Hot tech stocks to buy in a market crash

These out of favor tech stocks have a massive upside

Three diverse forever tech stocks to buy today

Four consumer tech stocks to watch today

Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money