Omega Healthcare Investors Inc. (OHI) Announces Quarterly Dividend of $0.48
Omega Healthcare Investors (NYSE:OHI) declared a quarterly dividend on Tuesday, October 15th, AR Network reports. Investors of record on Thursday, October 31st will be given a dividend of $0.48 per share on Friday, November 15th. This represents a $1.92 dividend on an annualized basis and a yield of 6.05%.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Omega Healthcare Investors in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $32.00. On a related note, analysts at UBS AG raised their EPS on shares of Omega Healthcare Investors in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating and a $28.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Omega Healthcare Investors in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.00.
Shares of Omega Healthcare Investors (NYSE:OHI) traded down 0.75% during mid-day trading on Tuesday, hitting $31.72. The stock had a trading volume of 601,611 shares. Omega Healthcare Investors has a 52 week low of $21.30 and a 52 week high of $38.41. The stock has a 50-day moving average of $29.54 and a 200-day moving average of $31.59. The company has a market cap of $3.716 billion and a P/E ratio of 23.82.
Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, July 31st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.01. The company had revenue of $102.52 million for the quarter, compared to the consensus estimate of $99.25 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts predict that Omega Healthcare Investors will post $2.51 earnings per share for the current fiscal year.
Omega Healthcare Investors, Inc (NYSE:OHI) is a self-administered real estate investment trust (REIT), investing in income-producing healthcare facilities, such as long-term care facilities located throughout the United States.
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