Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) PT at $34.89

Omega Healthcare Investors, Inc. (NYSE:OHI) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $34.89.

OHI has been the topic of several analyst reports. Scotiabank upped their price objective on 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. Truist Financial upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $35.00 in a report on Thursday, July 25th.

Hedge Funds Weigh In On Omega Healthcare Investors

Several institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Omega Healthcare Investors by 96.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 10,714 shares in the last quarter. Slagle Financial LLC boosted its holdings in Omega Healthcare Investors by 102.1% during the fourth quarter. Slagle Financial LLC now owns 94,586 shares of the real estate investment trust’s stock worth $2,900,000 after purchasing an additional 47,785 shares during the last quarter. Private Advisor Group LLC grew its position in Omega Healthcare Investors by 6.6% in the 1st quarter. Private Advisor Group LLC now owns 28,772 shares of the real estate investment trust’s stock worth $911,000 after purchasing an additional 1,783 shares in the last quarter. Park Avenue Securities LLC increased its stake in Omega Healthcare Investors by 5.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,066 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 544 shares during the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $758,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Down 0.2 %

NYSE OHI opened at $40.41 on Friday. Omega Healthcare Investors has a fifty-two week low of $27.53 and a fifty-two week high of $41.53. The stock has a market cap of $10.42 billion, a PE ratio of 36.41, a P/E/G ratio of 1.50 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. The business has a 50 day moving average price of $38.21 and a two-hundred day moving average price of $33.99.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.20). The business had revenue of $252.70 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. As a group, sell-side analysts predict that Omega Healthcare Investors will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

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.