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

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $46.8182.

A number of analysts have weighed in on the company. Scotiabank raised their price target on Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Weiss Ratings raised Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Jefferies Financial Group reiterated a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Truist Financial increased their price target on Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, December 1st. Finally, Citigroup reissued a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $43.83 on Monday. The business’s fifty day simple moving average is $44.58 and its 200-day simple moving average is $42.50. Omega Healthcare Investors has a 52 week low of $35.04 and a 52 week high of $46.36. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.95. The firm has a market cap of $12.95 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.41 and a beta of 0.57.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $311.59 million during the quarter, compared to analysts’ expectations of $262.48 million. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. Equities analysts forecast that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 149.72%.

Insider Activity

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

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at $121,800,000. Invesco Ltd. increased its position in Omega Healthcare Investors by 101.7% during the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Omega Healthcare Investors during the 2nd quarter worth $71,312,000. JPMorgan Chase & Co. increased its stake in Omega Healthcare Investors by 77.9% during the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock worth $144,278,000 after acquiring an additional 1,496,059 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC raised its holdings in Omega Healthcare Investors by 165.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock valued at $84,767,000 after buying an additional 1,441,692 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.