Despite years of deteriorating conditions in the skilled nursing facility (SNF) industry, Omega Healthcare Investors (OHI), the nation's largest SNF REIT, was able to increase its dividend for 20 consecutive quarters. However, due to rising tenant distress, for 2018 management announced a major turnaround effort and froze the firm's quarterly dividend at its current 66 [...]
Omega Healthcare announced disappointing fourth quarter results on February 13. Most notably, after more than 20 consecutive increases to its quarterly dividend, management stated that the company's payout would remain at its current level (66 cents per share) in 2018 rather than move higher. Here were some comments made by Omega's CEO: “As a [...]
Omega Healthcare (OHI) announced third quarter results last night that took many investors by surprise, sending the stock down as much as 10% in early trading this morning. For those who are unfamiliar with the company, Omega Healthcare is a real estate investment trust (REIT) that provides financing and capital primarily to skilled nursing facilities (SNFs). [...]
Certain real estate investment trusts (REITs) can be an excellent way for investors to meet their income needs, especially for folks living off dividends during retirement. That being said, as with all investments, it's important to be careful and focus on high quality stocks with a long-term-focused management team, a safe dividend, a strong [...]