After initiating positions in Apple and American Express, I deployed the last of my April capital, which includes the proceeds from my recent sale of General Electric, into one more stock: Omega Healthcare Investors. I already held a very small position (5 shares) in this wonderful healthcare REIT and, given its current valuation, and the fact that I still had time to snag its upcoming pro-rated dividend before the ex-dividend date of April 28th, I just couldn’t resist. On 4/23/2015 I purchased 16 shares of OHI at $38.35/share, for a total investment of $613.6.
As you know, when I buy shares of a company I usually provide quantitative and qualitative perspectives for the reasoning behind my purchase; however, since these posts do take me some time to write and since I have already written two in the span of a week, I’m feeling a little burnt out. Instead, I will point you to this excellent analysis of OHI that Ryan over at My Dividend Growth wrote just a few days ago when he himself initiated a position in the company. My thought process in arriving at my decision to buy was very similar to his and his overview is spot on; I couldn’t have written it better myself!
And for those of you who don’t know Ryan already, he’s a freelance editor and producer from Los Angeles who got into the dividend investing game in 2013 and, in the span of a year and a half, has already built an impressive portfolio that provides him with a steady flow of passive income. I definitely recommend following his blog as he posts a lot of quality content and openly shares his journey to financial freedom with everyone.
That’s it for today. Thanks for reading!
What do you think of OHI? Is it a stock you’d want in your portfolio? And how do you feel about REITs in general?
Disclosure: long OHI