Omega Healthcare Investors (NYSE:OHI) Issues FY24 Earnings Guidance

Omega Healthcare Investors (NYSE:OHI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $2.78-$2.84 for the period, compared to the consensus EPS estimate of $2.75.

Analyst Ratings Changes

OHI has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a hold rating in a report on Wednesday, June 26th. JMP Securities restated a market perform rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Mizuho cut shares of Omega Healthcare Investors from an outperform rating to a neutral rating and boosted their price target for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Scotiabank raised their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a sector perform rating in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a strong-buy rating in a research report on Friday, June 14th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $33.67.

Omega Healthcare Investors Trading Up 0.8 %

OHI stock traded up $0.30 during midday trading on Thursday, reaching $36.70. 2,433,237 shares of the company traded hands, compared to its average volume of 1,682,370. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 1.42 and a beta of 0.97. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The business has a 50 day moving average of $33.67 and a 200-day moving average of $31.68. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $37.13.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.30%. The ex-dividend date is Monday, August 5th. Omega Healthcare Investors’s payout ratio is 241.44%.

Omega Healthcare Investors Company Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.