This real estate investment trust has raised its dividend for 11 years in a row, most recently in July by a whopping 12% over the previous year. If you bought the stock at $33 or lower that offers close to a 6% payout.
OHI provides financing and capital to the long-term health care industry with a particular focus on skilled nursing facilities located in the United States.
With over 5,000 baby-boomers turning 67 years of age every single day, this part of the health care industry is about to explode.As of June 30, the company owned or held mortgages on 477 skilled nursing facilities, assisted living facilities and other specialty hospitals with approximately 55,075 licensed beds (52,890 available beds) located in 33 states and operated by 47 third-party health care operating companies. It's like owning a health care company that indirectly serves our aging population while receiving recurring streams of abundant, dependable income consistent with mutual benefit and integrity. According to the company, "Our goal is to identify long-term investments in quality health care properties with outstanding operators that provide the most favorable risk/reward ratio to our investors." As the latest statistics from the U.S. Census Bureau indicate, about 16 million Americans are over the age of 80, and another nearly 30 million are between the ages of 65 and 80. To emphasize the growing numbers of likely folks to fill OHI's facilities, almost 22 million are in the "sweet spot" of 65 to 75 years old. Many who analyze the growing numbers of Americans who will require special care in their senior years estimate that one in three baby boomers will spend time in an assisted living facility. There are currently over 70 million boomers in the U.S. alone. The number of licensed care facilities is currently insufficient to meet the explosive demand that will increase with each passing year. Omega Healthcare Investors is well-situated to profit from this supply-demand dilemma, which continues to grow opportunistically.
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