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

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $42.25.

Separately, Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $41.00 in a report on Monday, July 14th.

Omega Healthcare Investors Stock Up 0.3%

OHI stock traded up $0.13 during mid-day trading on Thursday, hitting $37.93. 1,482,569 shares of the company were exchanged, compared to its average volume of 2,125,902. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The firm has a market cap of $10.98 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.61 and a beta of 0.68. The firm's 50 day simple moving average is $36.89 and its 200 day simple moving average is $37.16. Omega Healthcare Investors has a 1-year low of $35.04 and a 1-year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its 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. The firm had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. On average, sell-side analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's payout ratio is currently 166.46%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth $443,000. PNC Financial Services Group Inc. lifted its holdings in Omega Healthcare Investors by 12.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,593 shares of the real estate investment trust's stock worth $401,000 after purchasing an additional 1,137 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Omega Healthcare Investors by 21.1% during the 4th quarter. HighTower Advisors LLC now owns 64,860 shares of the real estate investment trust's stock worth $2,455,000 after purchasing an additional 11,286 shares in the last quarter. Swiss National Bank lifted its holdings in Omega Healthcare Investors by 5.1% during the 4th quarter. Swiss National Bank now owns 507,100 shares of the real estate investment trust's stock worth $19,194,000 after purchasing an additional 24,700 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Omega Healthcare Investors by 9.5% during the 4th quarter. Natixis Advisors LLC now owns 34,736 shares of the real estate investment trust's stock worth $1,315,000 after purchasing an additional 3,025 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

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.