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

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.00.

A number of research analysts have commented on OHI shares. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial increased their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Finally, JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of hedge funds have recently added to or reduced their stakes in OHI. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter worth about $26,000. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors during the first quarter valued at approximately $29,000. Grove Bank & Trust bought a new position in Omega Healthcare Investors in the 4th quarter worth approximately $30,000. Kentucky Trust Co acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at approximately $38,000. Finally, UMB Bank n.a. raised its stake in Omega Healthcare Investors by 68.6% during the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 454 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $37.13 on Friday. Omega Healthcare Investors has a 12-month low of $30.46 and a 12-month high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The firm’s fifty day moving average price is $37.62 and its 200 day moving average price is $38.37.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business had revenue of $228.38 million for the quarter, compared to analysts’ expectations of $236.61 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.22%. Omega Healthcare Investors’s dividend payout ratio is currently 172.90%.

About Omega Healthcare Investors

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.