Omega Healthcare Investors (NYSE:OHI) Hits New 52-Week High – Time to Buy?

Omega Healthcare Investors, Inc. (NYSE:OHI)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $50.10 and last traded at $49.5970, with a volume of 1487329 shares changing hands. The stock had previously closed at $49.02.

Wall Street Analyst Weigh In

Several brokerages have commented on OHI. Citigroup reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, June 15th. Royal Bank Of Canada raised their price objective on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Truist Financial dropped their target price on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Finally, Raymond James Financial assumed coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price target on the stock. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus target price of $48.50.

Omega Healthcare Investors Price Performance

The stock has a market cap of $14.77 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 2.09 and a beta of 0.58. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $46.82 and its 200-day simple moving average is $45.96.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Omega Healthcare Investors had a return on equity of 11.86% and a net margin of 51.14%.The business had revenue of $322.95 million for the quarter, compared to the consensus estimate of $264.07 million. During the same period in the previous year, the business posted $0.75 earnings per share. Omega Healthcare Investors’s revenue was up 16.7% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. As a group, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 3.1 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, May 4th. This represents a $2.68 dividend on an annualized basis and a yield of 5.4%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 129.47%.

Institutional Investors Weigh In On Omega Healthcare Investors

Large investors have recently modified their holdings of the stock. Resources Management Corp CT ADV raised its holdings in shares of Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 450 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 268 shares during the period. Ascentis Independent Advisors bought a new stake in Omega Healthcare Investors in the first quarter valued at $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Omega Healthcare Investors during the fourth quarter worth $37,000. Finally, Rothschild Investment LLC raised its stake in Omega Healthcare Investors by 283.7% during the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 698 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

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.