Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Average Rating of “Hold” from Analysts

Omega Healthcare Investors, Inc. (NYSE:OHI) has received an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $33.67.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Scotiabank raised their price target on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 9th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Truist Financial raised their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Finally, Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $35.00 in a research note on Thursday, July 25th.

Omega Healthcare Investors Stock Down 3.3 %

Shares of Omega Healthcare Investors stock opened at $37.01 on Thursday. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. The company has a market cap of $9.15 billion, a P/E ratio of 33.34, a PEG ratio of 1.43 and a beta of 0.97. The firm’s 50 day moving average price is $33.91 and its 200-day moving average price is $31.80. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $38.85.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.68%. The business had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $205.92 million. During the same quarter in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, sell-side analysts predict that Omega Healthcare Investors will post 2.64 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.24%. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several large investors have recently bought and sold shares of OHI. Versant Capital Management Inc acquired a new position in shares of Omega Healthcare Investors during the 2nd quarter valued at about $26,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth $31,000. GAMMA Investing LLC purchased a new position in shares of Omega Healthcare Investors in the 4th quarter valued at about $35,000. WFA Asset Management Corp acquired a new position in Omega Healthcare Investors during the 1st quarter worth approximately $39,000. Finally, Highlander Capital Management LLC increased its holdings in Omega Healthcare Investors by 150.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 750 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.