Omega Healthcare Investors, Inc. (NYSE:OHI) Stock Has Average Target Price of $49.93 According to Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.00.

Several research analysts have recently weighed in on the company. Citizens Jmp raised Omega Healthcare Investors from a “market perform” rating to a “market outperform” rating and set a $52.00 price objective for the company in a research report on Thursday, October 22nd. UBS Group decreased their price objective on Omega Healthcare Investors from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Wall Street Zen raised Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Barclays cut their target price on Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Cantor Fitzgerald upped their price target on Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st.

Institutional Trading of Omega Healthcare Investors

A number of institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its position in Omega Healthcare Investors by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,938 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 222 shares in the last quarter. Fortitude Family Office LLC lifted its position in Omega Healthcare Investors by 50.3% during the 3rd quarter. Fortitude Family Office LLC now owns 699 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 234 shares in the last quarter. Bogart Wealth LLC lifted its position in Omega Healthcare Investors by 2.4% during the 1st quarter. Bogart Wealth LLC now owns 10,714 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 253 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Omega Healthcare Investors by 3.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 9,583 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 277 shares in the last quarter. Finally, Pinion Investment Advisors LLC boosted its stake in shares of Omega Healthcare Investors by 1.7% during the 3rd quarter. Pinion Investment Advisors LLC now owns 16,868 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 284 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $48.71 on Wednesday. The business’s 50-day simple moving average is $46.41 and its 200-day simple moving average is $46.73. Omega Healthcare Investors has a fifty-two week low of $42.18 and a fifty-two week high of $52.39. The stock has a market capitalization of $14.83 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The business had revenue of $340.55 million for the quarter, compared to the consensus estimate of $269.16 million. Omega Healthcare Investors had a return on equity of 13.66% and a net margin of 58.11%. Omega Healthcare Investors’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share. On average, research analysts expect that Omega Healthcare Investors will post 3.12 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be issued a $0.68 dividend. The ex-dividend date is Thursday, November 5th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 109.68%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc. is a real estate investment trust (REIT) focused on healthcare facilities, particularly skilled nursing and assisted living properties. The company invests in these facilities through real estate leases, loans and other financing arrangements. Its portfolio serves healthcare operators in the United States and the United Kingdom. Omega primarily leases properties to third-party operators, which manage the facilities and provide care to residents. Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega is led by President and Chief Executive Officer Taylor Pickett.