Several other equities analysts have also commented on OHI. Zacks Investment Research raised Omega Healthcare Investors from a hold rating to a buy rating and set a $36.00 target price for the company in a report on Wednesday. TheStreet lowered Omega Healthcare Investors from a buy rating to a hold rating in a report on Friday, November 25th. Finally, Jefferies Group LLC set a $35.00 price objective on Omega Healthcare Investors and gave the stock a buy rating in a report on Friday, November 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Omega Healthcare Investors currently has a consensus rating of Buy and a consensus price target of $37.12.
Shares of Omega Healthcare Investors (NYSE:OHI) opened at 31.28 on Wednesday. The firm has a 50-day moving average price of $32.04 and a 200 day moving average price of $32.85. The firm has a market cap of $6.14 billion, a P/E ratio of 16.45 and a beta of 0.51. Omega Healthcare Investors has a one year low of $28.11 and a one year high of $38.09.
Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Wednesday, February 8th. The real estate investment trust reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.40. The company earned $234.49 million during the quarter, compared to analyst estimates of $195.14 million. Omega Healthcare Investors had a return on equity of 8.86% and a net margin of 40.67%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 earnings per share. On average, analysts forecast that Omega Healthcare Investors will post $2.00 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be paid a $0.62 dividend. The ex-dividend date is Friday, January 27th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.93%. Omega Healthcare Investors’s dividend payout ratio is 131.22%.
Several institutional investors have recently bought and sold shares of OHI. BlackRock Fund Advisors increased its position in Omega Healthcare Investors by 17.5% in the third quarter. BlackRock Fund Advisors now owns 8,348,043 shares of the real estate investment trust’s stock worth $295,938,000 after buying an additional 1,243,370 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Omega Healthcare Investors by 8.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,103,006 shares of the real estate investment trust’s stock valued at $251,802,000 after buying an additional 567,455 shares during the last quarter. State Street Corp increased its position in Omega Healthcare Investors by 2.8% in the fourth quarter. State Street Corp now owns 5,873,313 shares of the real estate investment trust’s stock valued at $183,591,000 after buying an additional 158,276 shares during the last quarter. Shinko Asset Management Co. Ltd. increased its position in Omega Healthcare Investors by 17.6% in the third quarter. Shinko Asset Management Co. Ltd. now owns 5,454,868 shares of the real estate investment trust’s stock valued at $193,375,000 after buying an additional 818,229 shares during the last quarter. Finally, Morgan Stanley increased its position in Omega Healthcare Investors by 17.0% in the third quarter. Morgan Stanley now owns 5,358,402 shares of the real estate investment trust’s stock valued at $189,955,000 after buying an additional 780,102 shares during the last quarter. 78.78% of the stock is currently owned by institutional investors and hedge funds.
About Omega Healthcare Investors
Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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