Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Omega Healthcare Investors, Inc. has received an average recommendation of "Hold" from analysts, with five hold ratings and four buy ratings, and a twelve-month price target of $42.00.
• The company reported earnings of $0.77 per share in its latest quarter, exceeding expectations, with a year-over-year revenue increase of 11.8%.
• Omega Healthcare announced a quarterly dividend of $0.67 per share, representing a 6.7% yield with a payout ratio of 165.43%.

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) has received a consensus rating of "Hold" from the nine research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.00.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $38.00 to $41.00 in a research note on Monday, July 14th.

Omega Healthcare Investors Trading Up 1.0%

NYSE OHI traded up $0.41 during trading on Monday, hitting $40.81. 1,195,283 shares of the company's stock traded hands, compared to its average volume of 2,414,355. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The stock has a fifty day moving average of $37.89 and a two-hundred day moving average of $37.41. The firm has a market cap of $12.04 billion, a P/E ratio of 25.20, a PEG ratio of 2.80 and a beta of 0.66. Omega Healthcare Investors has a 12-month low of $35.04 and a 12-month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company had revenue of $235.60 million during the quarter, compared to analyst estimates of $248.49 million. During the same period in the prior year, the business posted $0.71 earnings per share. Omega Healthcare Investors's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Monday, August 4th. Omega Healthcare Investors's payout ratio is currently 165.43%.

Insider Transactions at Omega Healthcare Investors

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total value of $100,400.00. Following the sale, the director directly owned 18,654 shares in the company, valued at approximately $749,144.64. The trade was a 11.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

Institutional Trading of Omega Healthcare Investors

A number of large investors have recently made changes to their positions in the business. PFG Investments LLC raised its stake in shares of Omega Healthcare Investors by 20.4% during the 1st quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock worth $2,695,000 after acquiring an additional 11,970 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of Omega Healthcare Investors by 4.3% during the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock worth $28,836,000 after acquiring an additional 31,072 shares in the last quarter. Columbus Macro LLC bought a new position in shares of Omega Healthcare Investors during the 1st quarter worth approximately $6,353,000. GAMMA Investing LLC raised its stake in shares of Omega Healthcare Investors by 4,248.2% during the 1st quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock worth $6,630,000 after acquiring an additional 170,098 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Omega Healthcare Investors by 2,777.6% during the 4th quarter. Two Sigma Advisers LP now owns 333,800 shares of the real estate investment trust's stock worth $12,634,000 after acquiring an additional 322,200 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Company Profile

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.