32.58 -0.24 (-0.72%)
After hours: 4:48PM EDT
|Bid||32.30 x 4000|
|Ask||33.00 x 3100|
|Day's Range||32.22 - 32.85|
|52 Week Range||24.90 - 33.51|
|PE Ratio (TTM)||69.81|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||2.64 (7.98%)|
|1y Target Est||30.75|
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.
Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Omega Healthcare Investors, Inc. (OHI) have filed a complaint against the company's officers and directors for alleged breaches of fiduciary duties, abuse of control, gross mismanagement, and violations of the Securities Exchange Act of 1934. Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. According to the complaint, Omega's second largest operator, Orianna Health Systems, represented 7% of Omega's overall investment portfolio, with a gross investment of over $619 million.
Louisville-based Signature Healthcare LLC avoided bankruptcy court earlier this year by reaching a deal to restructure the company's financial obligations.
NEW YORK, NY / ACCESSWIRE / August 6, 2018 / Omega Healthcare Investors, Inc. (NYSE: OHI ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 6, 2018 at 10:00 AM Eastern ...
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.
LONDON, UK / ACCESSWIRE / July 27, 2018 / Active-Investors has a free review on Omega Healthcare Investors, Inc. (NYSE: OHI) ("Omega") following the Company's announcement that it will begin trading ex-dividend on July 30, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on July 27, 2018. Active-Investors has initiated due-diligence on this dividend stock.
Omega Healthcare Investors, Inc. (OHI) today announced that the Company has given notice to terminate the restructuring support agreement of its tenant, 4 West Holdings, Inc. (“Orianna”), effective July 25, 2018. Taylor Pickett, Omega’s Chief Executive Officer, stated, “The Company will be considering and/or pursuing alternative courses of action to protect our assets and shareholder value.
Omega Healthcare Investors, Inc. (OHI) today announced that the Company’s Board of Directors declared a common stock dividend of $0.66 per share. The common stock dividend is payable Wednesday, August 15, 2018 to common stockholders of record as of the close of business on Tuesday, July 31, 2018. Omega also announced today that it is scheduled to release its earnings results for the quarter ended June 30, 2018, on Friday, August 3, 2018, after market close.