Omega Healthcare Investors (NYSE:OHI) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Omega Healthcare Investors (NYSE:OHI) to a strong-buy rating in a research note released on Friday, MarketBeat Ratings reports.

Other analysts have also issued reports about the stock. Wells Fargo & Company raised their price objective on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Jefferies Financial Group reissued a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a research report on Monday, December 15th. UBS Group upped their price objective on Omega Healthcare Investors from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets downgraded Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research note on Friday. Finally, Truist Financial boosted their price target on Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.09.

Omega Healthcare Investors Price Performance

Shares of OHI opened at $44.27 on Friday. The stock has a market cap of $13.08 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.90 and a beta of 0.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 7.11 and a current ratio of 7.11. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $46.36. The firm’s 50-day simple moving average is $44.49 and its two-hundred day simple moving average is $41.68.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. The firm had revenue of $311.59 million during the quarter, compared to analyst estimates of $262.48 million. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Analysts anticipate that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a $0.67 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.68 annualized dividend and a yield of 6.1%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 149.72%.

Insider Buying and Selling

In related news, CEO C Taylor Pickett bought 20,000 shares of the firm’s stock in a transaction 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 owned 20,000 shares in the company, valued at approximately $862,800. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Vikas Gupta purchased 11,500 shares of the stock in a transaction dated Thursday, November 6th. The shares were purchased at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the completion of the acquisition, the executive directly owned 13,773 shares in the company, valued at approximately $591,825.81. This trade represents a 505.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OHI. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $26,000. Smartleaf Asset Management LLC grew its position in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 268 shares during the period. CENTRAL TRUST Co increased its holdings in Omega Healthcare Investors by 1,654.4% during the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 943 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Omega Healthcare Investors in the third quarter worth approximately $39,000. Finally, Bayforest Capital Ltd raised its position in Omega Healthcare Investors by 395.2% in the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 901 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Company Profile

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.