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

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $34.89.

Several analysts have recently weighed in on OHI shares. Scotiabank increased their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their target price for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Truist Financial raised their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $40.46 on Friday. The company has a fifty day simple moving average of $38.54 and a 200-day simple moving average of $34.18. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.32 and a beta of 1.00. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.20). The company had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. On average, equities analysts anticipate that Omega Healthcare Investors will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s payout ratio is presently 241.44%.

Institutional Trading of Omega Healthcare Investors

A number of large investors have recently made changes to their positions in OHI. Quadrant Capital Group LLC grew its holdings in Omega Healthcare Investors by 11.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 394 shares in the last quarter. Norges Bank purchased a new position in Omega Healthcare Investors in the fourth quarter valued at $61,698,000. Dynamic Technology Lab Private Ltd acquired a new stake in Omega Healthcare Investors in the fourth quarter valued at $371,000. UBS Group AG lifted its holdings in Omega Healthcare Investors by 292.3% during the 4th quarter. UBS Group AG now owns 449,116 shares of the real estate investment trust’s stock worth $13,770,000 after buying an additional 334,634 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Omega Healthcare Investors by 4.0% during the 4th quarter. D.A. Davidson & CO. now owns 72,733 shares of the real estate investment trust’s stock worth $2,230,000 after acquiring an additional 2,800 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Company Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.