Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $47.0909.

A number of analysts have commented on OHI shares. Royal Bank Of Canada upped their price objective on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Cantor Fitzgerald initiated coverage on shares of Omega Healthcare Investors in a research note on Wednesday, October 1st. They set an “overweight” rating and a $50.00 target price on the stock. UBS Group increased their target price on Omega Healthcare Investors from $50.00 to $51.00 and gave the company a “buy” rating in a report on Thursday. Finally, Scotiabank lifted their price target on Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th.

Omega Healthcare Investors Stock Performance

OHI opened at $44.47 on Thursday. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.95. The firm has a market cap of $13.14 billion, a PE ratio of 24.84, a P/E/G ratio of 1.88 and a beta of 0.57. The business has a fifty day simple moving average of $44.54 and a 200-day simple moving average of $41.80. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $46.36.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a return on equity of 10.72% and a net margin of 46.83%.The business had revenue of $311.59 million during the quarter, compared to the consensus estimate of $262.48 million. During the same period in the prior year, the business posted $0.71 earnings per share. Omega Healthcare Investors’s revenue was up 14.4% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. As a group, equities analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, November 3rd. Omega Healthcare Investors’s payout ratio is 149.72%.

Insider Transactions at Omega Healthcare Investors

In related news, CEO C Taylor Pickett purchased 20,000 shares of Omega Healthcare Investors stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $43.14 per share, with a total value of $862,800.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at $862,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO Vikas Gupta purchased 11,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $42.97 per share, with a total value of $494,155.00. Following the completion of the acquisition, the executive owned 13,773 shares of the company’s stock, valued at $591,825.81. This trade represents a 505.94% increase in their position. The SEC filing for this purchase provides additional information. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of institutional investors have recently modified their holdings of OHI. National Wealth Management Group LLC increased its stake in shares of Omega Healthcare Investors by 20.2% in the fourth quarter. National Wealth Management Group LLC now owns 7,106 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 1,195 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Omega Healthcare Investors by 2.1% in the fourth quarter. DAVENPORT & Co LLC now owns 13,035 shares of the real estate investment trust’s stock valued at $578,000 after purchasing an additional 272 shares in the last quarter. Pensionfund Sabic acquired a new position in Omega Healthcare Investors in the 4th quarter worth about $1,020,000. Daymark Wealth Partners LLC raised its stake in shares of Omega Healthcare Investors by 7.0% during the 4th quarter. Daymark Wealth Partners LLC now owns 7,155 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 465 shares in the last quarter. Finally, Pensionfund PDN acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at about $2,053,000. Institutional investors and hedge funds 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.