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

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) has been given an average recommendation of "Hold" by the nine ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.00.

OHI has been the subject of a number of recent research reports. Truist Financial boosted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th.

Institutional Trading of Omega Healthcare Investors

Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas grew its position in shares of Omega Healthcare Investors by 69.8% in the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock worth $5,385,000 after buying an additional 58,482 shares during the last quarter. Assetmark Inc. raised its holdings in Omega Healthcare Investors by 2.9% in the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock worth $46,401,000 after purchasing an additional 34,463 shares in the last quarter. Tallon Kerry Patrick bought a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at about $1,250,000. JPMorgan Chase & Co. boosted its position in Omega Healthcare Investors by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,995,825 shares of the real estate investment trust's stock valued at $81,230,000 after acquiring an additional 103,010 shares in the last quarter. Finally, Advisors Capital Management LLC grew its holdings 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 during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

OHI stock traded down $0.36 during midday trading on Friday, reaching $35.30. The company had a trading volume of 841,798 shares, compared to its average volume of 1,910,635. The firm has a 50-day moving average price of $37.57 and a 200-day moving average price of $38.26. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The company has a market capitalization of $10.14 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors has a 1 year low of $30.48 and a 1 year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. On average, research analysts anticipate that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.59%. Omega Healthcare Investors's dividend payout ratio is currently 166.46%.

About Omega Healthcare Investors

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.