Omega Healthcare Investors, Inc. (OHI) To Go Ex-Dividend on April 29th

Omega Healthcare Investors, Inc. (NYSE:OHI) declared a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.67 per share by the real estate investment trust on Wednesday, May 15th. This represents a $2.68 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Monday, April 29th.

Omega Healthcare Investors has a dividend payout ratio of 183.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Omega Healthcare Investors to earn $2.77 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 96.8%.

Omega Healthcare Investors Stock Performance

OHI stock opened at $31.09 on Friday. The stock has a 50-day moving average price of $31.01 and a 200-day moving average price of $31.13. Omega Healthcare Investors has a 1-year low of $26.11 and a 1-year high of $34.77. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The firm has a market cap of $7.68 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 10.12 and a beta of 0.91.

Analysts Set New Price Targets

Several research firms have recently weighed in on OHI. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Truist Financial raised their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price for the company in a research note on Thursday, February 8th. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 price target for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.58.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.