Omega Healthcare Investors, Inc. (NYSE:OHI) Given Average Rating of "Hold" by Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) has received an average recommendation of "Hold" from the nine research firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.00.

Several research analysts have recently weighed in on the stock. Wells Fargo & Company downgraded 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. Truist Financial upped their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th.

Hedge Funds Weigh In On Omega Healthcare Investors

Several large investors have recently modified their holdings of the stock. Tallon Kerry Patrick acquired a new position in shares of Omega Healthcare Investors in the 4th quarter worth approximately $1,250,000. Janney Montgomery Scott LLC boosted its holdings in Omega Healthcare Investors by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,802 shares of the real estate investment trust's stock worth $1,242,000 after purchasing an additional 1,309 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Omega Healthcare Investors by 2.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,115 shares of the real estate investment trust's stock worth $724,000 after purchasing an additional 427 shares during the period. Fifth Third Bancorp increased its stake in Omega Healthcare Investors by 18.3% during the fourth quarter. Fifth Third Bancorp now owns 16,900 shares of the real estate investment trust's stock valued at $640,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Omega Healthcare Investors by 28.3% during the fourth quarter. Blue Trust Inc. now owns 1,839 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 406 shares during the period. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Up 0.8%

Shares of OHI traded up $0.28 during midday trading on Wednesday, reaching $37.02. 2,988,753 shares of the company were exchanged, compared to its average volume of 1,977,032. Omega Healthcare Investors has a 1-year low of $31.43 and a 1-year high of $44.42. The stock has a 50-day moving average price of $37.26 and a 200-day moving average price of $37.70. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.09 and a beta of 0.73.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The firm had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same period in the previous year, the company posted $0.68 EPS. Omega Healthcare Investors's revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts expect that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.24%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

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.