It seems that nearly every earnings season comes with enough mispricing to generate opportunity and this round of reports was no exception. Specifically, Omega Healthcare Investors (NYSE:OHI) has become the greatest REIT opportunity generated thus far in the earnings season. Despite a strong quarter and positive outlook, its price has plummeted below reasonable levels. This article will demonstrate OHI to be a strong buy and that its present pricing makes an opportune entry point.
On July 31st, OHI reported its 2Q13 earnings. The results were strong across the board with some of the highlights presented below.
"Adjusted FFO was $72.9 million, or $0.62 per common share, for the three months ended June 30, 2013, compared to $55.7 million,
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|