Brokerages Set Omega Healthcare Investors, Inc. (NYSE:OHI) Target Price at $49.50

Omega Healthcare Investors, Inc. (NYSE:OHI) has earned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $49.50.

Several research analysts recently weighed in on OHI shares. Truist Financial reduced their price target on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. Barclays dropped their price objective on shares of Omega Healthcare Investors from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Monday, August 31st. Citigroup lifted their target price on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Mizuho increased their price target on shares of Omega Healthcare Investors from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, August 31st.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $1,838,155,000. Bank of New York Mellon Corp acquired a new stake in Omega Healthcare Investors in the 2nd quarter valued at $275,230,000. Norges Bank purchased a new position in Omega Healthcare Investors during the fourth quarter valued at $156,166,000. Bank of America Corp DE purchased a new position in Omega Healthcare Investors during the second quarter valued at $137,876,000. Finally, Legal & General Group Plc acquired a new stake in shares of Omega Healthcare Investors in the second quarter valued at about $88,363,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Down 1.5%

Shares of NYSE OHI opened at $46.68 on Tuesday. The business’s 50 day moving average price is $47.95 and its 200 day moving average price is $47.07. The firm has a market cap of $14.15 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.89 and a beta of 0.58. Omega Healthcare Investors has a 52 week low of $39.26 and a 52 week high of $52.39.

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

Omega Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.68 dividend. The ex-dividend date was Monday, August 3rd. This represents a $2.72 annualized dividend and a dividend yield of 5.8%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 97.14%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc (NYSE: OHI) is a real estate investment trust focused on the healthcare sector. The company owns and leases healthcare-related real estate, with an emphasis on facilities that provide long-term and post-acute care.

Omega’s portfolio is primarily made up of skilled nursing facilities and assisted living facilities. It generally leases these properties to healthcare operators under long-term, often triple-net lease arrangements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and taxes.