Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.
Analysts Set New Price Targets
A number of research analysts recently weighed in on OHI shares. Bank of America raised Omega Healthcare Investors from an "underperform" rating to a "buy" rating and raised their price objective for the company from $27.00 to $35.00 in a research note on Friday, August 5th. Raymond James boosted their price objective on Omega Healthcare Investors from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, August 3rd. Barclays assumed coverage on Omega Healthcare Investors in a research report on Tuesday, April 26th. They set an "equal weight" rating and a $29.00 price objective on the stock. Capital One Financial assumed coverage on Omega Healthcare Investors in a research note on Friday, June 3rd. They issued an "equal weight" rating and a $33.00 price target on the stock. Finally, Jefferies Financial Group lowered Omega Healthcare Investors from a "buy" rating to a "hold" rating and decreased their price target for the company from $32.00 to $28.00 in a research note on Thursday, June 30th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $32.00.
Omega Healthcare Investors Price Performance
Omega Healthcare Investors stock traded up $0.10 on Thursday, reaching $33.33. The company's stock had a trading volume of 38,822 shares, compared to its average volume of 1,960,369. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 7.00 and a beta of 1.00. The business's fifty day moving average price is $29.80 and its 200 day moving average price is $29.10. Omega Healthcare Investors has a twelve month low of $24.81 and a twelve month high of $35.26.
Omega Healthcare Investors (NYSE:OHI - Get Rating) last posted its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.35). The business had revenue of $207.54 million during the quarter, compared to analyst estimates of $220.06 million. Omega Healthcare Investors had a return on equity of 11.00% and a net margin of 44.01%. Omega Healthcare Investors's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Equities analysts expect that Omega Healthcare Investors will post 2.93 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 Monday, August 15th. Stockholders of record on Monday, August 1st will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.04%. The ex-dividend date is Friday, July 29th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 141.80%.