Omega’s portfolio of assets is operated by a diverse group of health care companies, predominantly in a triple-net lease structure. The assets span all regions within the United States, as well as in the United Kingdom. The company’s tenants generally have lower exposure to Medicare, which is where the funding pressures tend to remain, and less than 10% of revenues come from tenants with rent coverage below 1.0 times. In addition, the tenant base is very well diversified.
Shareholders receive an 8.67% distribution. The $33 Raymond James price target is higher than the consensus target of $30.64. Omega Healthcare Investors stock was last seen on Friday trading at $31.11.
OneMain
This off-the-radar company has been around for over 100 years. OneMain Holdings Inc. (NYSE: OMF) is a financial service holding company that engages in the consumer finance and insurance businesses. It originates, underwrites and services personal loans secured by automobiles or other titled collateral or unsecured loans.
OneMain also offers credit cards and insurance products, comprising life, disability and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states, as well as online.
Billionaire George Soros has a big position in the company and bought 275,000 shares in the fourth quarter of 2022. With very solid books and risk controls that keep net charge-offs low, the company offers big-time risk-reward for investors.
The dividend yield here is 9.23%. Royal Bank of Canada’s $53 target price compares with a $52.18 consensus target and Friday’s closing print of $42.98.
Pioneer Natural Resources
Many Wall Street analysts love this stock as a pure crude oil play, and the company also employs a variable dividend strategy. Pioneer Natural Resources Co. (NYSE: PXD) operates as an independent oil and gas exploration and production company in the United States.
The company explores for, develops and produces oil, natural gas liquids (NGLs) and natural gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs and 462 billion cubic feet of gas, and it owned interests in 11 gas processing plants.
Its production services are supported by 100 well-servicing rigs, more than 100 cased-hole, open-hole and offshore wireline units, and a range of advanced coiled tubing units.
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