Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $49.50 Consensus PT from Analysts

by · The Markets Daily

Omega Healthcare Investors, Inc. (NYSE:OHI – Get Free Report) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $49.50.

A number of analysts have recently weighed in on OHI shares. Raymond James Financial began coverage on Omega Healthcare Investors in a research report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 target price for the company. Wells Fargo & Company cut their price objective on shares of Omega Healthcare Investors from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, June 30th. Barclays decreased their target price on shares of Omega Healthcare Investors from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Monday, August 31st. Finally, Citigroup upped their price target on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th.

Get Our Latest Stock Analysis on Omega Healthcare Investors

Omega Healthcare Investors Trading Up 1.0%

Shares of OHI opened at $47.38 on Tuesday. Omega Healthcare Investors has a 12 month low of $39.26 and a 12 month high of $52.39. The firm’s 50 day moving average is $47.99 and its 200-day moving average is $47.08. The stock has a market capitalization of $14.36 billion, a PE ratio of 16.92, a P/E/G ratio of 1.90 and a beta of 0.58.

Omega Healthcare Investors (NYSE:OHI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.68. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.The business had revenue of $328.25 million for the quarter, compared to the consensus estimate of $266.97 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. Equities research analysts predict that Omega Healthcare Investors will post 3.12 earnings per share for the current fiscal year.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.68 per share. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.7%. The ex-dividend date was Monday, August 3rd. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 97.14%.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Omega Healthcare Investors in the second quarter valued at approximately $1,838,155,000. Bank of New York Mellon Corp bought a new stake in shares of Omega Healthcare Investors during the second quarter worth $275,230,000. Norges Bank acquired a new position in shares of Omega Healthcare Investors during the fourth quarter worth $156,166,000. Bank of America Corp DE acquired a new position in shares of Omega Healthcare Investors during the second quarter worth $137,876,000. Finally, Legal & General Group Plc acquired a new position in shares of Omega Healthcare Investors during the second quarter worth $88,363,000. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

(Get Free Report)

Omega Healthcare Investors, Inc (NYSE: OHI) is a real estate investment trust focused on the healthcare sector. The company owns and leases healthcare-related real estate, with an emphasis on facilities that provide long-term and post-acute care.

Omega’s portfolio is primarily made up of skilled nursing facilities and assisted living facilities. It generally leases these properties to healthcare operators under long-term, often triple-net lease arrangements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and taxes.

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