Omega Healthcare Investors (NYSE:OHI) Reaches New 1-Year High Following Dividend Announcement

Omega Healthcare Investors, Inc. (NYSE:OHI) shares hit a new 52-week high on Thursday after the company announced a dividend. The company traded as high as $51.05 and last traded at $50.6720, with a volume of 1904030 shares traded. The stock had previously closed at $50.60.

The newly announced dividend which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.3%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, August 3rd. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 129.47%.

Analyst Ratings Changes

OHI has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Raymond James Financial initiated coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 price target for the company. Royal Bank Of Canada increased their price objective on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Scotiabank dropped their price objective on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Finally, Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

Omega Healthcare Investors Trading Up 1.5%

The stock’s 50-day simple moving average is $47.49 and its two-hundred day simple moving average is $46.43. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.32 and a quick ratio of 5.32. The firm has a market capitalization of $15.41 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.18 and a beta of 0.58.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The firm had revenue of $322.95 million for the quarter, compared to analysts’ expectations of $264.07 million. Omega Healthcare Investors had a net margin of 51.14% and a return on equity of 11.86%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. Equities research analysts expect that Omega Healthcare Investors, Inc. will post 3.09 EPS for the current year.

Institutional Trading of Omega Healthcare Investors

Several institutional investors have recently made changes to their positions in the business. Resources Management Corp CT ADV lifted its holdings in Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 450 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of Omega Healthcare Investors in the first quarter worth $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth $37,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Omega Healthcare Investors by 53.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 315 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its stake in Omega Healthcare Investors by 645.2% during the second quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.