Summary
- Omega Healthcare Investors reported Q4-2018 results yesterday.
- The healthcare REIT missed FFO estimates.
- Dividend coverage was good in the last quarter, and the REIT guided for year-over-year A/FFO growth.
- That being said, though, shares continue to be overvalued, in my opinion.
- An investment in OHI yields 6.7 percent.
Omega Healthcare Investors (NYSE:OHI) does not make a compelling value proposition at today's price point based on valuation and risk/reward. Though Omega Healthcare Investors once again covered its dividend payout with adjusted funds from operations in the last quarter and guided for A/FFO growth this year on the back of acquisitions, the healthcare REIT is currently slightly overvalued based on AFFO. An investment in Omega Healthcare Investors at today's price point yields 6.7 percent.
