Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $38.09 Consensus Price Target from Analysts

Omega Healthcare Investors, Inc. (NYSE:OHI) has received an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.09.

A number of analysts have recently issued reports on the company. Mizuho restated a “neutral” rating and set a $39.00 price objective on shares of Omega Healthcare Investors in a research report on Wednesday, July 14th. Robert W. Baird assumed coverage on Omega Healthcare Investors in a research report on Thursday, October 7th. They set an “outperform” rating and a $36.00 price objective on the stock. Raymond James lowered their price objective on Omega Healthcare Investors from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Thursday, September 23rd. JMP Securities cut Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a research report on Monday, September 13th. Finally, Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their price target for the company from $37.00 to $33.00 in a research report on Thursday, August 26th.

Shares of OHI traded up $0.27 on Monday, reaching $30.77. 7,359 shares of the stock traded hands, compared to its average volume of 2,002,913. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 5.34 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.65 and a quick ratio of 3.65. Omega Healthcare Investors has a 12 month low of $28.08 and a 12 month high of $39.31. The stock’s 50-day moving average price is $32.44 and its 200-day moving average price is $35.43.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Sunday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The firm had revenue of $257.42 million for the quarter, compared to the consensus estimate of $235.89 million. Omega Healthcare Investors had a net margin of 23.48% and a return on equity of 5.26%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, equities research analysts forecast that Omega Healthcare Investors will post 3.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Monday, August 2nd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date was Friday, July 30th. Omega Healthcare Investors’s dividend payout ratio is currently 82.97%.

Institutional investors have recently bought and sold shares of the business. Stonebridge Capital Advisors LLC acquired a new position in Omega Healthcare Investors in the first quarter worth $26,000. MV Capital Management Inc. acquired a new position in Omega Healthcare Investors in the second quarter worth $25,000. Tradition Wealth Management LLC boosted its stake in Omega Healthcare Investors by 133.3% in the second quarter. Tradition Wealth Management LLC now owns 700 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Omega Healthcare Investors in the first quarter worth $29,000. Finally, Capital Analysts LLC acquired a new position in Omega Healthcare Investors in the first quarter worth $32,000. 68.50% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

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. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.

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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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