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

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $42.25.

Separately, Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $41.00 in a research note on Monday.

Omega Healthcare Investors Price Performance

OHI opened at $37.96 on Thursday. The company’s 50-day simple moving average is $36.80 and its two-hundred day simple moving average is $37.16. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The stock has a market capitalization of $10.98 billion, a P/E ratio of 23.58, a P/E/G ratio of 2.62 and a beta of 0.68. Omega Healthcare Investors has a 52-week low of $35.04 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. As a group, analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors’s dividend payout ratio is currently 166.46%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OHI. Cohen & Steers Inc. raised its position in shares of Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock valued at $992,467,000 after buying an additional 8,837,218 shares during the last quarter. Norges Bank bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth $110,160,000. AQR Capital Management LLC boosted its position in shares of Omega Healthcare Investors by 430.8% during the first quarter. AQR Capital Management LLC now owns 2,862,117 shares of the real estate investment trust’s stock worth $108,989,000 after acquiring an additional 2,322,878 shares during the last quarter. Vanguard Group Inc. grew its stake in Omega Healthcare Investors by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock valued at $1,440,646,000 after acquiring an additional 1,809,519 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Omega Healthcare Investors by 122.3% in the 1st quarter. Invesco Ltd. now owns 2,416,560 shares of the real estate investment trust’s stock valued at $92,023,000 after acquiring an additional 1,329,324 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.