Omega Healthcare Investors, Inc. (NYSE:OHI) Given Average Recommendation of “Moderate Buy” by Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $41.67.

OHI has been the topic of a number of recent analyst reports. BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Thursday, October 31st. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Mizuho raised their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 9th. Finally, Royal Bank of Canada raised their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th.

Omega Healthcare Investors Stock Down 1.4 %

OHI opened at $35.68 on Monday. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The firm’s 50-day simple moving average is $37.38 and its 200-day simple moving average is $39.05. Omega Healthcare Investors has a twelve month low of $29.66 and a twelve month high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Equities research analysts anticipate that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.51%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Hedge Funds Weigh In On Omega Healthcare Investors

Several hedge funds have recently added to or reduced their stakes in OHI. Stonebridge Financial Group LLC bought a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $26,000. Dunhill Financial LLC acquired a new position in Omega Healthcare Investors during the third quarter valued at approximately $31,000. True Wealth Design LLC bought a new stake in Omega Healthcare Investors in the third quarter valued at approximately $31,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC raised its holdings in Omega Healthcare Investors by 49.5% in the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 323 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.