|Bid||32.28 x 800|
|Ask||32.30 x 900|
|Day's Range||32.22 - 32.49|
|52 Week Range||24.90 - 33.51|
|PE Ratio (TTM)||69.02|
|Forward Dividend & Yield||2.64 (7.98%)|
|1y Target Est||N/A|
Real estate investment trusts (REITs) have been on a wild ride over the past several years. Investors couldn't get enough of this dividend-friendly sector following the 2008 meltdown. The comparatively high yields were attractive in a world where savings accounts yielded zero and longer-term bond yields scraped near all-time lows. But the 2013 "taper tantrum," Janet Yellen's move in 2015 to move the target fed funds rate above 0% and Donald Trump's election (prompting fears of inflation) all shook the bond market. That in turn shook assets, such as REITs, that were treated as "bond substitutes." After each scare, REIT prices recovered their losses ... only to see them evaporate again with the next scare. REIT prices have gone nowhere since early 2015. Remarkably, they're also sitting at levels first seen in 2007, over a decade ago. No surprise, then, that many REITs are attractively priced right now. REITs also sport significantly higher yields as a sector than investment-grade corporate bonds, and - unlike bond coupon payments - their dividends tend to rise over time. REITs also trade at cheaper valuations than private equity real estate funds, which doesn't make a lot of sense given their superior liquidity. That kind of disconnect typically only happens during bear markets and panics when the baby gets thrown out with the bathwater. Let's use this disconnect to our advantage. Here are eight REITs to buy while they trade at respectable prices and pay solid dividends. SEE ALSO: 25 Dividend Stocks That Analysts Love the Most
Orianna Health Systems LLC kicked off several days of testimony aimed at convincing a bankruptcy judge to settle a growing divide between the nursing home operator and its landlord. During a hearing Monday at the U.S. Bankruptcy Court in Dallas, lawyers for Orianna asked Judge Harlin DeWayne Hale to decide several issues related to the valuation and sale of its remaining assets, issues that are critical to control of the chapter 11 case. According to Orianna, Monday’s hearing is a “critical inflection point” in the contentious bankruptcy.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Financials sector is rising.
The big shareholder groups in Omega Healthcare Investors Inc (NYSE:OHI) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares inRead More...
After the collapse of a plan to restructuring Orianna Health Systems LLC, the nursing home operator and its landlord are grappling for control of the bankruptcy and its remaining assets. Inc.’s request to credit bid as much as $300 million in exchange for a group of 19 nursing home facilities. Orianna, its unsecured creditors and a potential purchaser of the nursing homes say the credit bid request is an attempt by Omega, a publicly traded real-estate investment trust, to extract value from Orianna’s estate while avoiding any costs and shortchanging other creditors.
Inc. in the bankruptcy of Orianna Health Systems LLC should be tossed or reduced because it is overstated, creditors of the nursing home operator say. Orianna filed for bankruptcy in March with a prearranged restructuring deal backed by Omega, its landlord. In a filing Thursday in U.S. Bankruptcy Court in Dallas, the official committee of unsecured creditors raised questions about a 2013 deal in which Omega lent $525 million to Orianna, about doubling its secured debt, to buy the stock of another company.
Louisville-based Signature Healthcare LLC avoided bankruptcy court earlier this year by reaching a deal to restructure the company's financial obligations.
Omega Healthcare Investors (OHI) delivered earnings and revenue surprises of 1.33% and 1.46%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
HUNT VALLEY, Md. (AP) _ Omega Healthcare Investors Inc. (OHI) on Friday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations. The Hunt Valley, Maryland-based real estate investment trust said it had funds from operations of $159.1 million, or 76 cents per share, in the period.
Orianna Health Systems LLC has asked a bankruptcy judge to reconsider an earlier ruling, which helped derail the nursing-home operator’s plan to exit chapter 11. of U.S. Bankruptcy Court in Dallas, Orianna says its bankruptcy could be headed for months of additional litigation. Orianna filed for bankruptcy in March with a prearranged restructuring deal backed by Omega.
A federal bankruptcy judge said Monday that Orianna Health Systems LLC can’t dip into the cash earmarked for its primary landlord to pay off its administrative and priority claims, throwing a wrench in the nursing-home operator’s chapter 11 plan to exit bankruptcy protection. At issue was Orianna and Omega’s disagreement about a fundamental element of how the chapter 11 plan paid claimants. The nursing-home operator wanted to dip into a $195 million pot of money earmarked to pay Omega’s prepetition claim to also pay off a $30 million bankruptcy loan also owed to Omega.
Orianna wants Judge Hale to enforce the terms of the company’s latest chapter 11 plan, which creditors have voted to approve but which has yet to be confirmed. Under the proposed plan Orianna transferred 23 nursing homes to Omega.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Over the past 10 years, Omega HealthcareRead More...
Omega Healthcare's fundamentals, including its rent coverage ratios and census, are favorable, as overall portfolio quality benefits from "operator swap-outs and asset sales," Stender said in a note. Stender maintained his price target, derived on the assumption interest rates will be slowly raised over the "hold" period. The analyst said the management indicated at the REITWeek three weeks ago that quarterly earnings over the near-to-intermediate term will be impacted by the dilutive impact of asset sales, as rents taper off and the proceeds are redeployed.
Real estate investment trusts are excellent investment vehicles for investors looking to generate current portfolio income. This is in large part because of the legal implications of operating as a real estate investment trust. REITs are required by law to pay out more than 90% of their net income as distributions to shareholders.
Real Estate Investment Trusts, or REITs, are a great source of regular income for retirees and other investors who live off the income from their investment portfolio, explains Chloe Lutts Jensen, a leading income specialist, a contributor to MoneyShow.com and editor of the Cabot Dividend Investor newsletter. REITs can own all sorts of real estate, from convenience stores to forests to apartment buildings. Healthcare REITs own doctors’ offices, hospitals, assisted living facilities and other medical buildings.