Omega Healthcare Investors, Inc. to Issue Quarterly Dividend of $0.67 (NYSE:OHI)

Omega Healthcare Investors, Inc. (NYSE:OHI) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Monday, February 10th will be given a dividend of 0.67 per share by the real estate investment trust on Tuesday, February 18th. This represents a $2.68 annualized dividend and a yield of 7.41%.

Omega Healthcare Investors has a payout ratio of 161.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Omega Healthcare Investors to earn $2.86 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 93.7%.

Omega Healthcare Investors Stock Performance

OHI opened at $36.19 on Thursday. The company has a 50 day simple moving average of $38.47 and a two-hundred day simple moving average of $39.02. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The firm has a market cap of $9.77 billion, a P/E ratio of 26.61, a PEG ratio of 1.08 and a beta of 0.99. Omega Healthcare Investors has a 1-year low of $27.53 and a 1-year high of $44.42.

Wall Street Analysts Forecast Growth

OHI has been the subject of several recent analyst reports. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Mizuho upped their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Royal Bank of Canada increased their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, December 9th. Finally, BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and an average price target of $41.10.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.