Omega Healthcare Investors, Inc. (NYSE:OHI – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $49.41 and last traded at $49.38, with a volume of 1625555 shares changing hands. The stock had previously closed at $48.17.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on OHI shares. Truist Financial reduced their target price on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. BMO Capital Markets reissued a “market perform” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research report on Monday, May 4th. Royal Bank Of Canada boosted their price objective on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their target price on shares of 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. Finally, Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $48.31.
Read Our Latest Stock Report on Omega Healthcare Investors
Omega Healthcare Investors Stock Up 2.5%
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). Omega Healthcare Investors had a return on equity of 11.86% and a net margin of 51.14%.The firm had revenue of $322.95 million during the quarter, compared to analysts’ expectations of $264.07 million. During the same period last year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. As a group, analysts anticipate that Omega Healthcare Investors, Inc. will post 3.1 EPS for the current year.
Omega Healthcare Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.68 annualized dividend and a yield of 5.4%. Omega Healthcare Investors’s dividend payout ratio is 129.47%.
Institutional Trading of Omega Healthcare Investors
A number of institutional investors and hedge funds have recently modified their holdings of OHI. Resources Management Corp CT ADV lifted its holdings in shares of Omega Healthcare Investors by 300.0% during the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 450 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares in the last quarter. Ascentis Independent Advisors bought a new stake in Omega Healthcare Investors in the 1st quarter worth about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Omega Healthcare Investors in the 4th quarter worth about $37,000. Finally, Rothschild Investment LLC raised its position in Omega Healthcare Investors by 283.7% in the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 698 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.
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.
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