Market Down? Here's 1 Stock to Own for the Long Term
The stock market is gyrating in unsettling ways lately. After setting all-time highs, stocks have pulled back with large daily swings that do little to settle the stomach.
However, instead of sitting and watching this turbulence, you could go another direction by investing in Omega Healthcare Investors (NYSE: OHI). The slow and steady trends underpinning this real estate investment trust's (REIT) business and stock could be the emotional balm that keeps you invested even during hard times for the broader market.
Roughly 83% of Omega's business is tied to nursing homes, with the rest related to other forms of senior housing. In 2020, that was not good news, given that the novel coronavirus spreads easily in group settings and the risk of death increases with age. Against that backdrop, you'd expect the real estate investment trust to have had a bad year. But it didn't: Adjusted funds from operations (FFO) were actually up 5%. That trend continued into the first quarter as well, with adjusted FFO higher by 7.5% year over year.
Source Fool.com
