Omega Healthcare Investors, Inc. (NYSE:OHI) Stock Rated “Hold” by Wall Street Analysts

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $49.93.

OHI has been the subject of a number of research analyst reports. Raymond James Financial restated an “outperform” rating and set a $53.00 price objective on shares of Omega Healthcare Investors in a research report on Tuesday, October 6th. Citigroup raised Omega Healthcare Investors from a “buy” rating to an “outperform” rating in a research note on Thursday, October 22nd. Wells Fargo & Company dropped their price target on Omega Healthcare Investors from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Citizens Jmp upgraded Omega Healthcare Investors from a “market perform” rating to a “market outperform” rating and set a $52.00 price target for the company in a report on Thursday, October 22nd. Finally, UBS Group reduced their price objective on Omega Healthcare Investors from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $48.26 on Wednesday. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.95 and a beta of 0.56. The firm has a fifty day moving average price of $46.29 and a 200 day moving average price of $46.68. Omega Healthcare Investors has a fifty-two week low of $41.53 and a fifty-two week high of $52.39.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The company had revenue of $340.55 million during the quarter, compared to the consensus estimate of $269.16 million. Omega Healthcare Investors had a net margin of 58.11% and a return on equity of 13.66%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, research analysts predict that Omega Healthcare Investors will post 3.12 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 5th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 5.6%. The ex-dividend date is Thursday, November 5th. Omega Healthcare Investors’s dividend payout ratio is presently 109.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC increased its holdings in Omega Healthcare Investors by 50.3% in the third quarter. Fortitude Family Office LLC now owns 699 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Omega Healthcare Investors during the 1st quarter worth about $35,000. Latitude Advisors LLC purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth about $35,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Omega Healthcare Investors by 53.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 315 shares during the period. Finally, Elevation Wealth Partners LLC increased its stake in shares of Omega Healthcare Investors by 645.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 800 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors