Brokerages Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $49.21

Omega Healthcare Investors, Inc. (NYSE:OHI) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $49.2143.

OHI has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Truist Financial lowered their price target on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Barclays initiated coverage on shares of Omega Healthcare Investors in a research report on Tuesday, July 7th. They issued an “underweight” rating and a $51.00 price objective for the company. Raymond James Financial started coverage on shares of Omega Healthcare Investors in a research note on Tuesday, June 16th. They set an “outperform” rating and a $50.00 price objective on the stock. Finally, Cantor Fitzgerald raised their target price on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st.

Omega Healthcare Investors Stock Down 1.5%

NYSE OHI opened at $46.29 on Friday. Omega Healthcare Investors has a fifty-two week low of $39.26 and a fifty-two week high of $52.39. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.90 and a beta of 0.57. The business has a fifty day moving average of $48.32 and a 200-day moving average of $47.09.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.68. The business had revenue of $328.25 million for the quarter, compared to analyst estimates of $266.97 million. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. As a group, analysts anticipate that Omega Healthcare Investors will post 3.12 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio is currently 97.14%.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in OHI. BlackRock Inc. purchased a new position in Omega Healthcare Investors during the second quarter worth about $1,838,155,000. California State Teachers Retirement System boosted its stake in Omega Healthcare Investors by 4,652.4% in the 2nd quarter. California State Teachers Retirement System now owns 16,435,725 shares of the real estate investment trust’s stock worth $783,655,000 after buying an additional 16,089,882 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Omega Healthcare Investors in the 2nd quarter valued at about $275,230,000. Norges Bank purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at about $156,166,000. Finally, Bank of America Corp DE acquired a new position in shares of Omega Healthcare Investors during the 2nd quarter valued at about $137,876,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

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.