Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $43.75 Average Price Target from Analysts

Omega Healthcare Investors, Inc. (NYSE:OHI) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.4444.

OHI has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Truist Financial increased their target price on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Scotiabank increased their target price on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Wells Fargo & Company increased their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd.

Insider Activity

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 18,654 shares in the company, valued at $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Omega Healthcare Investors

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Omega Healthcare Investors during the second quarter valued at approximately $26,000. NBC Securities Inc. acquired a new stake in shares of Omega Healthcare Investors during the first quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Omega Healthcare Investors by 40.9% during 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. CENTRAL TRUST Co raised its holdings in shares of Omega Healthcare Investors by 1,654.4% during the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 943 shares during the period. Finally, Bayforest Capital Ltd raised its holdings in shares of Omega Healthcare Investors by 395.2% during the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 901 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 1.7%

Shares of NYSE:OHI opened at $41.60 on Tuesday. The company has a 50 day moving average of $41.38 and a 200-day moving average of $38.68. The firm has a market cap of $12.27 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.22 and a beta of 0.70. Omega Healthcare Investors has a twelve month low of $35.04 and a twelve month high of $44.42. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.32. The company had revenue of $235.60 million during the quarter, compared to analyst estimates of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, analysts anticipate that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 annualized dividend and a yield of 6.4%. Omega Healthcare Investors’s dividend payout ratio is currently 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.