Omega Healthcare Investors, Inc. (OHI) to Issue Quarterly Dividend of $0.67 on February 18th

Omega Healthcare Investors, Inc. (NYSE:OHI) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.67 per share by the real estate investment trust on Tuesday, February 18th. This represents a $2.68 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend is Monday, February 10th.

Omega Healthcare Investors has a payout ratio of 157.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Omega Healthcare Investors to earn $2.97 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 90.2%.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $37.94 on Friday. The company has a current ratio of 7.07, a quick ratio of 6.48 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.11 and a beta of 0.99. The firm has a 50-day moving average of $38.06 and a two-hundred day moving average of $39.06. Omega Healthcare Investors has a twelve month low of $29.17 and a twelve month high of $44.42.

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

Analyst Ratings Changes

OHI has been the topic of several research analyst reports. Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective on the stock. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 9th. Royal Bank of Canada lifted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research report on Thursday, October 31st. Finally, Mizuho increased their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

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.