Omega Healthcare Investors, Inc. (NYSE:OHI) Plans Quarterly Dividend of $0.67

Omega Healthcare Investors, Inc. (NYSE:OHI) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Monday, February 9th will be given a dividend of 0.67 per share by the real estate investment trust on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, February 9th.

Omega Healthcare Investors has increased its dividend payment by an average of 0.0%per year over the last three years. Omega Healthcare Investors has a payout ratio of 148.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Omega Healthcare Investors to earn $2.97 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 90.2%.

Omega Healthcare Investors Trading Down 0.9%

Shares of Omega Healthcare Investors stock traded down $0.41 on Friday, hitting $43.00. The stock had a trading volume of 428,773 shares, compared to its average volume of 1,833,877. The stock has a 50 day moving average of $44.60 and a 200 day moving average of $42.40. The firm has a market capitalization of $12.71 billion, a P/E ratio of 24.05, a PEG ratio of 1.39 and a beta of 0.57. Omega Healthcare Investors has a twelve month low of $35.04 and a twelve month high of $46.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 7.11 and a current ratio of 7.11.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $311.59 million for the quarter, compared to the consensus estimate of $262.48 million. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. Sell-side analysts expect that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CIO Vikas Gupta bought 11,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the acquisition, the executive directly owned 13,773 shares in the company, valued at approximately $591,825.81. This trade represents a 505.94% 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 the SEC website. Also, CEO C Taylor Pickett bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were 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 owned 20,000 shares of the company’s stock, valued at $862,800. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OHI. Norges Bank bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter worth approximately $121,800,000. Invesco Ltd. boosted its stake in Omega Healthcare Investors by 101.7% in the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the period. Hudson Bay Capital Management LP purchased a new position in Omega Healthcare Investors during the second quarter valued at approximately $71,312,000. JPMorgan Chase & Co. grew its position in shares of Omega Healthcare Investors by 77.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after purchasing an additional 1,496,059 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in Omega Healthcare Investors by 165.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock worth $84,767,000 after buying an additional 1,441,692 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.