Omega Healthcare Investors, Inc. (NYSE:OHI) declared a quarterly dividend on Friday, July 14th, Wall Street Journal reports. Shareholders of record on Tuesday, August 1st will be paid a dividend of 0.64 per share by the real estate investment trust on Tuesday, August 15th. This represents a $2.56 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date is Friday, July 28th. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.63.
Omega Healthcare Investors has increased its dividend by an average of 8.3% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Omega Healthcare Investors has a payout ratio of 76.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Omega Healthcare Investors to earn $2.23 per share next year, which means the company may not be able to cover its $2.56 annual dividend with an expected future payout ratio of 114.8%.
Omega Healthcare Investors (NYSE OHI) opened at 33.48 on Friday. The stock has a market capitalization of $6.59 billion, a PE ratio of 15.70 and a beta of 0.52. The firm has a 50-day moving average price of $32.84 and a 200-day moving average price of $32.64. Omega Healthcare Investors has a 52 week low of $28.11 and a 52 week high of $38.09.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The business had revenue of $231.74 million during the quarter, compared to analyst estimates of $197.55 million. Omega Healthcare Investors had a return on equity of 9.95% and a net margin of 45.16%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. Equities research analysts predict that Omega Healthcare Investors will post $1.99 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on OHI shares. BidaskClub raised Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, April 19th. Vetr lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $34.12 price objective for the company. in a research note on Wednesday, March 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, March 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Omega Healthcare Investors presently has a consensus rating of “Hold” and an average target price of $34.67.
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In other Omega Healthcare Investors news, Director Craig R. Callen purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average cost of $31.40 per share, with a total value of $471,000.00. Following the purchase, the director now owns 18,000 shares of the company’s stock, valued at $565,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert O. Stephenson sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $34.58, for a total value of $795,340.00. Following the sale, the chief financial officer now directly owns 68,978 shares of the company’s stock, valued at $2,385,259.24. The disclosure for this sale can be found here. 4.54% of the stock is owned by company insiders.
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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