Omega Healthcare Investors (NYSE:OHI) Hits New 12-Month High – Still a Buy?

Omega Healthcare Investors, Inc. (NYSE:OHI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $45.56 and last traded at $45.4420, with a volume of 164789 shares. The stock had previously closed at $45.04.

Wall Street Analysts Forecast Growth

OHI has been the subject of a number of recent research reports. UBS Group began coverage on shares of Omega Healthcare Investors in a research note on Tuesday, November 18th. They set a “buy” rating and a $50.00 price objective for the company. Cantor Fitzgerald started coverage on Omega Healthcare Investors in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price target for the company. Mizuho boosted their price target on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Omega Healthcare Investors in a report on Wednesday, October 8th. Finally, Scotiabank raised their target price on shares of Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.89.

Omega Healthcare Investors Stock Up 0.2%

The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The firm has a fifty day simple moving average of $41.83 and a 200-day simple moving average of $39.76. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 1.85 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $311.59 million for the quarter, compared to analyst estimates of $262.48 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. As a group, sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, November 3rd. Omega Healthcare Investors’s payout ratio is currently 149.72%.

Insider Activity at Omega Healthcare Investors

In other news, CEO C Taylor Pickett purchased 20,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of $43.14 per share, for a total transaction of $862,800.00. Following the purchase, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at $862,800. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CIO Vikas Gupta purchased 11,500 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were acquired 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 owned 13,773 shares of the company’s stock, valued at $591,825.81. This trade represents a 505.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Omega Healthcare Investors by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock worth $1,779,673,000 after acquiring an additional 1,386,887 shares in the last quarter. State Street Corp raised its position in Omega Healthcare Investors by 4.8% during the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after purchasing an additional 671,473 shares in the last quarter. Geode Capital Management LLC raised its position in Omega Healthcare Investors by 4.6% during the second quarter. Geode Capital Management LLC now owns 7,377,761 shares of the real estate investment trust’s stock valued at $270,426,000 after purchasing an additional 326,595 shares in the last quarter. Invesco Ltd. lifted its stake in Omega Healthcare Investors by 101.7% during the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Omega Healthcare Investors by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,211,183 shares of the real estate investment trust’s stock valued at $177,790,000 after purchasing an additional 107,843 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.