Omega Healthcare Investors, Inc. (NYSE:OHI) to Issue $0.67 Quarterly Dividend

Omega Healthcare Investors, Inc. (NYSE:OHI) declared a quarterly dividend on Thursday, January 29th. Investors of record on Monday, February 9th will be given a dividend of 0.67 per share by the real estate investment trust on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, February 9th.

Omega Healthcare Investors has increased its dividend payment by an average of 0.0%annually over the last three years. Omega Healthcare Investors has a dividend payout ratio of 148.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Omega Healthcare Investors to earn $2.97 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 90.2%.

Omega Healthcare Investors Stock Performance

OHI traded down $0.35 on Friday, reaching $43.06. 297,104 shares of the stock were exchanged, compared to its average volume of 1,831,163. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.11 and a quick ratio of 7.11. The company’s 50-day moving average price is $44.60 and its 200 day moving average price is $42.40. The firm has a market capitalization of $12.73 billion, a PE ratio of 24.07, a PEG ratio of 1.39 and a beta of 0.57. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $46.36.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $311.59 million during the quarter, compared to analysts’ expectations of $262.48 million. Omega Healthcare Investors had a return on equity of 10.72% and a net margin of 46.83%.The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. As a group, sell-side analysts forecast that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Taylor Pickett acquired 20,000 shares of Omega Healthcare Investors stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average price of $43.14 per share, for a total transaction of $862,800.00. Following the transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at $862,800. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Vikas Gupta bought 11,500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the completion of the transaction, the executive directly owned 13,773 shares in the company, valued at approximately $591,825.81. The trade was a 505.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Omega Healthcare Investors

Several institutional investors and hedge funds have recently made changes to their positions in the company. HBK Sorce Advisory LLC acquired a new stake in shares of Omega Healthcare Investors during the third quarter valued at $1,014,000. Allworth Financial LP grew its holdings in Omega Healthcare Investors by 1,700.7% during the 2nd quarter. Allworth Financial LP now owns 46,495 shares of the real estate investment trust’s stock worth $1,704,000 after acquiring an additional 43,913 shares in the last quarter. Advisors Capital Management LLC grew its position in shares of Omega Healthcare Investors by 14.4% in the 2nd quarter. Advisors Capital Management LLC now owns 886,908 shares of the real estate investment trust’s stock worth $32,505,000 after acquiring an additional 111,796 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Omega Healthcare Investors by 30.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 390,482 shares of the real estate investment trust’s stock worth $16,486,000 after purchasing an additional 90,134 shares during the last quarter. Finally, AGF Management Ltd. boosted its holdings in Omega Healthcare Investors by 9.7% in the second quarter. AGF Management Ltd. now owns 99,161 shares of the real estate investment trust’s stock worth $3,634,000 after purchasing an additional 8,749 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.