Omega Healthcare Investors (NYSE:OHI) Sets New 52-Week High – Still a Buy?

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $50.10 and last traded at $49.5970, with a volume of 1487329 shares. The stock had previously closed at $49.02.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company upped their target price 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. Citigroup reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, June 15th. UBS Group set a $47.00 price objective on shares of Omega Healthcare Investors in a research note on Thursday, June 18th. Barclays began coverage on shares of Omega Healthcare Investors in a report on Tuesday. They set an “underweight” rating and a $51.00 target price for the company. Finally, Bank of America restated an “underperform” rating and set a $46.00 target price (down from $52.00) on shares of Omega Healthcare Investors in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.50.

Omega Healthcare Investors Trading Down 1.0%

The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.81. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58. The business has a 50 day moving average of $46.90 and a 200 day moving average of $46.03.

Omega Healthcare Investors (NYSE:OHI) last announced its 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 firm had revenue of $322.95 million during the quarter, compared to analyst estimates of $264.07 million. Omega Healthcare Investors had a net margin of 51.14% and a return on equity of 11.86%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. On average, research analysts forecast that Omega Healthcare Investors, Inc. will post 3.1 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, May 4th. Omega Healthcare Investors’s payout ratio is currently 129.47%.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds have recently bought and sold shares of the company. Resources Management Corp CT ADV grew its stake in Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 450 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 268 shares during the period. Ascentis Independent Advisors purchased a new position in shares of Omega Healthcare Investors during the 1st quarter worth $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth $37,000. Finally, Rothschild Investment LLC boosted its holdings in shares of Omega Healthcare Investors by 283.7% during the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 698 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.