Omega Healthcare Investors has become a battleground stock for REIT investors, but has a 9.5% dividend that has been raised 21 consecutive quarters.
Bulls say the dividend is safe, and that the headwinds facing its skilled nursing facilities are temporary and will eventually (owing to demographics) turn into a tailwind.
Bears say issues at the operator level are structural, pointing to troubles at three of Omega’s larger tenants. Also, legislation risk is still a concern.
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