Omega Healthcare Investors, Inc. (NYSE:OHI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $45.8889.

A number of equities research analysts have commented on the company. Mizuho lifted their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Cantor Fitzgerald initiated coverage on shares of Omega Healthcare Investors in a report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Raymond James Financial reiterated an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Finally, Citigroup reissued a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th.

Insider Buying and Selling at Omega Healthcare Investors

In other news, CEO C Taylor Pickett purchased 20,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $43.14 per share, for a total transaction of $862,800.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares in the company, valued at approximately $862,800. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CIO Vikas Gupta acquired 11,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the acquisition, the executive directly owned 13,773 shares in the company, valued at approximately $591,825.81. This trade represents a 505.94% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Omega Healthcare Investors

A number of institutional investors and hedge funds have recently bought and sold shares of OHI. Pallas Capital Advisors LLC boosted its stake in shares of Omega Healthcare Investors by 59.0% in the 2nd quarter. Pallas Capital Advisors LLC now owns 11,915 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 4,420 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Omega Healthcare Investors by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock worth $154,533,000 after buying an additional 165,554 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Omega Healthcare Investors by 73.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 67,919 shares of the real estate investment trust’s stock valued at $2,586,000 after acquiring an additional 28,701 shares in the last quarter. CWM LLC lifted its stake in Omega Healthcare Investors by 161.8% in the first quarter. CWM LLC now owns 23,598 shares of the real estate investment trust’s stock worth $899,000 after acquiring an additional 14,583 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in Omega Healthcare Investors in the second quarter worth approximately $321,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $45.20 on Wednesday. The firm has a 50 day simple moving average of $41.70 and a 200-day simple moving average of $39.58. Omega Healthcare Investors has a 1-year low of $35.04 and a 1-year high of $45.47. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm had revenue of $311.59 million for the quarter, compared to analyst estimates of $262.48 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. On average, analysts expect that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 5.9%. Omega Healthcare Investors’s payout ratio is presently 149.72%.

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.