Omega Healthcare Investors (NYSE:OHI) Sets New 1-Year High – What’s Next?

Shares of Omega Healthcare Investors, Inc. (NYSE:OHIGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $49.41 and last traded at $49.38, with a volume of 1625555 shares. The stock had previously closed at $48.17.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OHI shares. Bank of America restated an “underperform” rating and set a $46.00 price objective (down from $52.00) on shares of Omega Healthcare Investors in a research report on Tuesday, April 14th. Citigroup reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, June 15th. Wells Fargo & Company increased their price target on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. BMO Capital Markets restated a “market perform” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a research note on Monday, May 4th. Finally, Raymond James Financial started coverage on Omega Healthcare Investors in a report on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.31.

Read Our Latest Analysis on Omega Healthcare Investors

Omega Healthcare Investors Price Performance

The firm’s 50-day moving average is $46.54 and its 200-day moving average is $45.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.32 and a quick ratio of 5.32. The company has a market capitalization of $14.71 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.03 and a beta of 0.58.

Omega Healthcare Investors (NYSE:OHIGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $322.95 million during the quarter, compared to the consensus estimate of $264.07 million. Omega Healthcare Investors had a return on equity of 11.86% and a net margin of 51.14%.The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. Analysts predict that Omega Healthcare Investors, Inc. will post 3.1 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, May 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 129.47%.

Institutional Trading of Omega Healthcare Investors

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Omega Healthcare Investors by 91.9% during the 4th quarter. BNP Paribas Financial Markets now owns 389,305 shares of the real estate investment trust’s stock worth $17,262,000 after acquiring an additional 186,399 shares in the last quarter. CPC Advisors LLC purchased a new position in shares of Omega Healthcare Investors in the fourth quarter valued at $3,050,000. Pensionfund PDN purchased a new position in shares of Omega Healthcare Investors in the fourth quarter valued at $2,053,000. Islay Capital Management LLC increased its position in Omega Healthcare Investors by 123.1% in the third quarter. Islay Capital Management LLC now owns 44,209 shares of the real estate investment trust’s stock worth $1,867,000 after purchasing an additional 24,390 shares during the last quarter. Finally, BOKF NA increased its position in Omega Healthcare Investors by 51.8% in the fourth quarter. BOKF NA now owns 189,095 shares of the real estate investment trust’s stock worth $8,384,000 after purchasing an additional 64,539 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

Further Reading

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