Omega Healthcare Investors, Inc. (OHI) to Issue Quarterly Dividend of $0.68 on November 16th

Omega Healthcare Investors, Inc. (NYSE:OHI) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.68 per share by the real estate investment trust on Monday, November 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, November 5th.

Omega Healthcare Investors has a dividend payout ratio of 150.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Omega Healthcare Investors to earn $3.21 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 84.7%.

Omega Healthcare Investors Trading Up 0.2%

OHI stock opened at $47.07 on Tuesday. Omega Healthcare Investors has a 12-month low of $40.86 and a 12-month high of $52.39. The company has a market cap of $14.26 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. The stock has a 50-day moving average price of $46.16 and a two-hundred day moving average price of $46.61.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Amundi lifted its stake in shares of Omega Healthcare Investors by 100.4% in the 2nd quarter. Amundi now owns 1,125,875 shares of the real estate investment trust’s stock valued at $53,682,000 after purchasing an additional 564,175 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Omega Healthcare Investors by 351.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 42,368 shares of the real estate investment trust’s stock worth $1,857,000 after buying an additional 32,982 shares during the period. AlphaGrep UK Ltd bought a new position in Omega Healthcare Investors during the second quarter worth $1,246,000. Greenland Capital Management LP acquired a new position in shares of Omega Healthcare Investors during the second quarter valued at about $7,867,000. Finally, Van ECK Associates Corp raised its holdings in Omega Healthcare Investors by 20.0% in the 2nd quarter. Van ECK Associates Corp now owns 199,170 shares of the real estate investment trust’s stock valued at $9,496,000 after acquiring an additional 33,211 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust focused on the healthcare sector. The company invests in and owns healthcare facilities, with a primary emphasis on skilled nursing and assisted living properties.

Omega generally leases its properties to healthcare operators under long-term agreements, supporting services for seniors and individuals who require post-acute, rehabilitative, or long-term care. Its portfolio has also included other healthcare-related properties, such as continuing care retirement communities and specialty facilities.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega serves healthcare operators across the United States and the United Kingdom.