Omega Healthcare Investors (OHI), one of the largest skilled nursing care facility companies, is a buy for the income and total return investor. The management of OHI has proven by past results that it can sell weak properties and buy new properties that have higher rents, that increase the FFO. Recent sales of weak properties leave OHI with $340 Million in cash to buy better properties in the skilled nursing care sector and grow the company in 2019. The stock comprises 8.7% of The Good Business Portfolio, my IRA portfolio of good business companies that are balanced among all styles of investing.
OHI's position will be left to grow over time and added to whenever a dip happens. The company has at many times been under pressure and gotten down to the $27-$28 price range, and each time it has bounced back with a price of about $35 as this article is written. So this is a chance to buy into a good company with a high yield while they are buying and selling properties, increasing the quality of their portfolio.
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