Omega Healthcare Investors, Inc. (NYSE:OHI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been given an average rating of “Hold” by the nine analysts that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $42.00.

OHI has been the topic of several research reports. Truist Financial raised their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $36.85 on Wednesday. The company has a market cap of $10.66 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The stock’s 50 day simple moving average is $37.31 and its 200-day simple moving average is $37.76. Omega Healthcare Investors has a 1-year low of $30.75 and a 1-year 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.

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

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.27%. Omega Healthcare Investors’s dividend payout ratio is presently 166.46%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several hedge funds and other institutional investors have recently made changes to their positions in OHI. Tallon Kerry Patrick acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $1,250,000. Janney Montgomery Scott LLC increased its stake in Omega Healthcare Investors by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,802 shares of the real estate investment trust’s stock worth $1,242,000 after acquiring an additional 1,309 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Omega Healthcare Investors by 2.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,115 shares of the real estate investment trust’s stock worth $724,000 after acquiring an additional 427 shares during the last quarter. Fifth Third Bancorp increased its stake in Omega Healthcare Investors by 18.3% during the fourth quarter. Fifth Third Bancorp now owns 16,900 shares of the real estate investment trust’s stock worth $640,000 after acquiring an additional 2,618 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Omega Healthcare Investors by 28.3% during the fourth quarter. Blue Trust Inc. now owns 1,839 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 406 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

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.