Omega Healthcare Investors (NYSE:OHI) Sets New 12-Month High After Dividend Announcement

Omega Healthcare Investors, Inc. (NYSE:OHI)’s share price hit a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $51.05 and last traded at $50.6720, with a volume of 1904030 shares changing hands. The stock had previously closed at $50.60.

The newly announced dividend which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.3%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, August 3rd. Omega Healthcare Investors’s dividend payout ratio is currently 129.47%.

Wall Street Analyst Weigh In

A number of research firms recently commented on OHI. Raymond James Financial started coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 price target on the stock. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. Bank of America reaffirmed an “underperform” rating and set a $46.00 target price (down from $52.00) on shares of Omega Healthcare Investors in a report on Tuesday, April 14th. UBS Group set a $47.00 price target on shares of Omega Healthcare Investors in a research report on Thursday, June 18th. Finally, Wells Fargo & Company boosted their price target on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.50.

Omega Healthcare Investors Trading Up 1.5%

The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 2.18 and a beta of 0.58. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average price is $47.49 and its two-hundred day moving average price is $46.43.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The company had revenue of $322.95 million for the quarter, compared to analyst estimates of $264.07 million. Omega Healthcare Investors had a return on equity of 11.86% and a net margin of 51.14%.Omega Healthcare Investors’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. On average, equities analysts predict that Omega Healthcare Investors, Inc. will post 3.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OHI. BNP Paribas Financial Markets boosted its stake in shares of Omega Healthcare Investors by 91.9% during the fourth quarter. BNP Paribas Financial Markets now owns 389,305 shares of the real estate investment trust’s stock valued at $17,262,000 after purchasing an additional 186,399 shares in the last quarter. CPC Advisors LLC acquired a new position in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $3,050,000. Oxbow Advisors LLC acquired a new position in shares of Omega Healthcare Investors in the first quarter valued at approximately $7,373,000. BOKF NA raised its holdings in Omega Healthcare Investors by 51.8% in the 4th quarter. BOKF NA now owns 189,095 shares of the real estate investment trust’s stock valued at $8,384,000 after buying an additional 64,539 shares during the last quarter. Finally, Burney Co. raised its holdings in Omega Healthcare Investors by 23.9% in the 4th quarter. Burney Co. now owns 313,680 shares of the real estate investment trust’s stock valued at $13,909,000 after buying an additional 60,539 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

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.