Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) PT at $42.00

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 been assigned an average recommendation of "Hold" from the nine brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $42.00.

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

Omega Healthcare Investors Price Performance

NYSE OHI traded down $0.04 during trading on Monday, hitting $40.41. 2,576,539 shares of the company's stock were exchanged, compared to its average volume of 2,414,218. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The company has a market cap of $11.92 billion, a PE ratio of 24.96, a P/E/G ratio of 2.78 and a beta of 0.66. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $44.42. The stock's 50 day moving average price is $37.83 and its two-hundred day moving average price is $37.39.

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

Omega Healthcare Investors Dividend Announcement

The firm 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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Monday, August 4th. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

Insider Activity

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

Hedge Funds Weigh In On Omega Healthcare Investors

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

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.