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

Omega Healthcare Investors, Inc. (NYSE:OHI) has received an average recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $42.00.

OHI has been the topic of a number of research reports. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, Truist Financial boosted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, March 18th.

Institutional Trading of Omega Healthcare Investors

Several hedge funds have recently added to or reduced their stakes in OHI. Graypoint LLC lifted its stake in Omega Healthcare Investors by 1.5% in the 1st quarter. Graypoint LLC now owns 74,431 shares of the real estate investment trust’s stock valued at $2,834,000 after acquiring an additional 1,119 shares in the last quarter. Napatree Capital LLC increased its position in Omega Healthcare Investors by 5.9% during the 1st quarter. Napatree Capital LLC now owns 9,783 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 547 shares during the period. Victory Capital Management Inc. raised its position in shares of Omega Healthcare Investors by 109.6% in the first quarter. Victory Capital Management Inc. now owns 105,811 shares of the real estate investment trust’s stock valued at $4,029,000 after buying an additional 55,322 shares in the last quarter. Midwest Professional Planners LTD. grew its holdings in shares of Omega Healthcare Investors by 3.0% during the 1st quarter. Midwest Professional Planners LTD. now owns 39,814 shares of the real estate investment trust’s stock worth $1,516,000 after purchasing an additional 1,149 shares in the last quarter. Finally, Hager Investment Management Services LLC grew its stake in Omega Healthcare Investors by 4.2% during the first quarter. Hager Investment Management Services LLC now owns 49,408 shares of the real estate investment trust’s stock worth $1,881,000 after buying an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $37.13 on Friday. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors has a 1 year low of $30.46 and a 1 year high of $44.42. The company has a market cap of $10.66 billion, a PE ratio of 23.95, a PEG ratio of 1.09 and a beta of 0.75. The stock’s 50-day moving average price is $37.62 and its two-hundred day moving average price is $38.37.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors’s payout ratio is 172.90%.

About Omega Healthcare Investors

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.