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

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have received a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $34.89.

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

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $40.48 on Friday. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $10.44 billion, a P/E ratio of 36.47, a PEG ratio of 1.49 and a beta of 1.00. The business has a 50-day moving average of $38.09 and a 200-day moving average of $33.88. Omega Healthcare Investors has a 1 year low of $27.53 and a 1 year 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 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.20). The firm had revenue of $252.70 million during the quarter, compared to the consensus estimate of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. On average, equities analysts anticipate that Omega Healthcare Investors will post 2.69 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 6.62%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its holdings in shares of Omega Healthcare Investors by 11.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 394 shares during the last quarter. Norges Bank bought a new stake in Omega Healthcare Investors during the fourth quarter worth $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 grew its position in shares of Omega Healthcare Investors by 292.3% in the 4th quarter. UBS Group AG now owns 449,116 shares of the real estate investment trust’s stock valued at $13,770,000 after acquiring an additional 334,634 shares during the period. Finally, D.A. Davidson & CO. increased its stake 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 purchasing an additional 2,800 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

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.