As expected, with the rate hike yesterday, dividend stocks have took a drop in prices. The two REITs that I mentioned earlier are both discounted for and you should briefly have some time today to take advantage. You can get Omega Healthcare Investors (OHI) for less than $30 a share. New Senior Investment Group (SNR) also is going for less than $10 a share.
I would recommend the Omega Healthcare Investors (OHI) as the market cap of $5.7B is much bigger than SNR’s market cap as less than $1B. It could be argued that New Senior Investment Group has more potential to go appreciate but I also like knowing that there are multiple hedge funds already in OHI and I’ve already seen it start its move back up in the technical front. SNR has continued to go down since I first started looking at it which makes me rather wait on that one until I see a bottoming pattern.
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