Omega Healthcare InvestorsNYSE: OHI

Interest rates have been a major focus for investors, impacting overlooked investment opportunities. High-Yield Savings Accounts, CDs, and Treasury Bonds offer near 5% yields, but consider reinvestment risk, opportunity cost, and tax effects. Verizon and Omega Healthcare Investors are undervalued picks with dividend yields of 6-8%, and are poised for potential market-beating returns.

Omega Healthcare Investors, Inc. (OHI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, OHI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Omega Healthcare Investors covered its dividend with adjusted funds from operations in 1Q24, with an improved margin of safety. The trust completed $75 million in new investments in 1Q24 and continues to divest underperforming assets, maintaining a moderate risk/reward relationship. Omega Healthcare Investors anticipates earning $2.70 - $2.80 per share in adjusted funds from operations in 2024, selling for a 11.6x AFFO multiple.

Omega Healthcare Investors (OHI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Omega Healthcare Investors has a diversified portfolio of skilled nursing and assisted living facilities, but significant exposure to a few operators. Moreover, the price performance of OHI has been underwhelming, and the company has had issues with collecting rent from tenants. More importantly, the dividend is not safe and the discount to NAV is not large enough to provide an adequate margin of safety here.

Omega Healthcare Investors focuses on long-term care and skilled nursing facilities, which are expected to see increased demand as the US population ages. OHI's dividend has been the subject of debate, but management projects that the large yield is secure and will continue at $2.68 per share annually. OHI's Q1 2024 results showed growth in revenue, net income, and funds from operations, indicating strong performance and execution by senior leadership.

The key figures for Omega Healthcare Investors (OHI) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to compare certain metrics to Wall Street forecasts and the previous year's results.

Omega Healthcare Investors, Inc. (NYSE: OHI) Q1 2024 Earnings Conference Call on May 3, 2024 at 10:00 AM ET. Presenters include Michele Reber - Investor Relations, Taylor Pickett - CEO, Dan Booth - COO, Bob Stephenson - CFO, and Megan Krull - SVP of Operations. Conference call participants include Jonathan Hughes - Raymond James, Vikram Malhotra - Mizuho Securities, Michael Griffin - Citi, Juan Sanabria - BMO Capital Markets, Michael Carroll - RBC Capital Markets, Alex Fagan - Robert W. Baird, Emily Meckler - Green Street. Thank you for joining the Omega Healthcare Investors First Quarter 2024 Earnings Conference Call.

Omega Healthcare Investors (OHI) reported quarterly funds from operations (FFO) of $0.68 per share, surpassing the Zacks Consensus Estimate of $0.65 per share. This is an improvement from FFO of $0.66 per share in the same quarter last year.