Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) PT at $43.38

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.3750.

A number of research analysts have issued reports on OHI shares. Scotiabank boosted their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Royal Bank Of Canada raised their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Raymond James Financial reiterated an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Wells Fargo & Company raised their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Finally, Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd.

Insider Activity

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the completion of the sale, the director directly owned 18,654 shares of the company’s stock, valued at approximately $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds have recently added to or reduced their stakes in OHI. Smartleaf Asset Management LLC raised its holdings 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 worth $34,000 after purchasing an additional 268 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Omega Healthcare Investors by 7.1% in the second quarter. Farther Finance Advisors LLC now owns 4,182 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 279 shares during the last quarter. Guggenheim Capital LLC boosted its position in Omega Healthcare Investors by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after purchasing an additional 280 shares in the last quarter. United Services Automobile Association boosted its position in Omega Healthcare Investors by 1.8% in the 1st quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust’s stock worth $632,000 after purchasing an additional 291 shares in the last quarter. Finally, Optimum Investment Advisors boosted its position in Omega Healthcare Investors by 8.9% in the 1st quarter. Optimum Investment Advisors now owns 3,666 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 300 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $42.81 on Friday. Omega Healthcare Investors has a 52-week low of $35.04 and a 52-week high of $44.42. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.27 and a beta of 0.71. The company has a fifty day moving average of $39.90 and a 200-day moving average of $38.12. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company had revenue of $235.60 million during the quarter, compared to analysts’ expectations of $248.49 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. Equities research analysts expect that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors’s payout ratio is presently 165.43%.

About Omega Healthcare Investors

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.