CareTrust REIT: A Safer Alternative To Omega Healthcare Investors

Summary

  • Although OHI has seen its share price grow over the last month, I discuss why I think CareTrust REIT is a safer alternative in the sector.
  • CTRE has well-laddered debt maturities with no maturities until 2026 making them well-prepared for a higher for longer environment.
  • The company has 9 years of dividend growth and I expect them to make the dividend champion's list this March.
  • The healthcare industry is expected to grow by 10.40% through 2027 making CTRE an attractive investment as it continues its growth with accretive acquisitions.
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-Antonio-

Introduction

I know many investors are fans of Omega Healthcare Investors (OHI), mainly because it combines an investment grade balance sheet and a high-yield which is rare. With so much uncertainty in the economy and the talks of a recession

This article was written by

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Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. I aspire to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. I also hope to give investors a new perspective to help them reach financial independence.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CTRE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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