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

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been given an average recommendation of “Hold” by the sixteen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $49.93.

Several equities research analysts have recently issued reports on the stock. Citizens Jmp upgraded shares of Omega Healthcare Investors from a “market perform” rating to a “market outperform” rating and set a $52.00 price objective on the stock in a research report on Thursday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Omega Healthcare Investors in a research note on Tuesday, October 6th. Wells Fargo & Company cut their target price on shares of Omega Healthcare Investors from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Mizuho increased their price target on shares of Omega Healthcare Investors from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 31st. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Omega Healthcare Investors in a report on Friday, September 25th.

Omega Healthcare Investors Stock Up 0.6%

Shares of NYSE:OHI opened at $48.26 on Wednesday. Omega Healthcare Investors has a 52 week low of $41.53 and a 52 week high of $52.39. The stock has a market cap of $14.62 billion, a PE ratio of 14.51, a PEG ratio of 1.90 and a beta of 0.56. The company’s fifty day moving average is $46.29 and its 200 day moving average is $46.68.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). The company had revenue of $340.55 million during the quarter, compared to analysts’ expectations of $269.16 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. Sell-side analysts anticipate that Omega Healthcare Investors will post 3.12 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

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 given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, November 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 109.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Omega Healthcare Investors in the second quarter valued at approximately $1,838,155,000. Bank of New York Mellon Corp bought a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $275,230,000. Dimensional Fund Advisors LP grew its stake in shares of Omega Healthcare Investors by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,423,120 shares of the real estate investment trust’s stock valued at $193,824,000 after buying an additional 108,736 shares during the period. Bank of America Corp DE grew its position in Omega Healthcare Investors by 3.6% during the first quarter. Bank of America Corp DE now owns 3,794,730 shares of the real estate investment trust’s stock worth $166,285,000 after buying an additional 131,000 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Omega Healthcare Investors by 48.5% during the first quarter. Quantinno Capital Management LP now owns 2,125,931 shares of the real estate investment trust’s stock valued at $93,158,000 after buying an additional 694,426 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.