Omega Healthcare Investors (NYSE:OHI) Updates FY 2024 Earnings Guidance

Omega Healthcare Investors (NYSE:OHI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.700-2.800 for the period, compared to the consensus earnings per share estimate of 2.730. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Omega Healthcare Investors from an underperform rating to a neutral rating and set a $30.00 price target for the company in a research report on Thursday, February 8th. JMP Securities restated a market perform rating on shares of Omega Healthcare Investors in a research report on Monday. Citigroup upgraded Omega Healthcare Investors from a neutral rating to a buy rating and lifted their price objective for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Wells Fargo & Company upgraded Omega Healthcare Investors from an equal weight rating to an overweight rating and lifted their price objective for the stock from $31.00 to $35.00 in a research report on Monday, February 26th. Finally, Truist Financial lifted their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a hold rating in a research report on Tuesday, April 2nd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $33.63.

Omega Healthcare Investors Stock Down 0.8 %

Omega Healthcare Investors stock traded down $0.25 during trading on Monday, reaching $31.09. 882,634 shares of the company’s stock were exchanged, compared to its average volume of 1,740,272. The company’s 50-day moving average is $30.98 and its two-hundred day moving average is $30.97. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.76 and a current ratio of 6.68. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $34.77. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 10.26 and a beta of 0.92.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a yield of 8.62%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Omega Healthcare Investors Company Profile

Omega is a REIT 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 U.S., as well as in the U.K.