Keep an eye on oversold healthcare REITs, such as Omega Healthcare (OHI).
This healthcare REIT owns about 940 assisted living and nursing facilities around the world. Its properties are also triple net leases, which means the tenant pays for rent, utilities, and other expenses, such as insurance and taxes.
At the moment, investors can collect an 8.85% dividend yield, as they wait for the REIT to recover. Plus, analysts seem to like the REIT. For example, Truist analyst Michael Lewis raised his price target on OHI to $34 from $30, with a hold rating.
Also, as noted by TheFly.com, “BofA analyst Joshua Dennerlein upgraded Omega Healthcare to Buy from Underperform with a price target of $35, up from $27, citing his view that the worst is behind for the company from a tenant perspective and that an inflection point is nearing.”