Omega Healthcare Investors (NYSE:OHI – Free Report) had its price target lowered by Wells Fargo & Company from $49.00 to $48.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.
A number of other analysts also recently weighed in on OHI. Cantor Fitzgerald upped their target price on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. BMO Capital Markets reissued a “market perform” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, May 4th. Scotiabank cut their price objective on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Finally, Truist Financial decreased their target price on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $49.50.
Omega Healthcare Investors Stock Performance
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.68. The firm had revenue of $328.25 million during the quarter, compared to analyst estimates of $266.97 million. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. On average, analysts predict that Omega Healthcare Investors will post 3.12 earnings per share for the current year.
Omega Healthcare Investors Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.8%. Omega Healthcare Investors’s dividend payout ratio is currently 97.14%.
Institutional Investors Weigh In On Omega Healthcare Investors
Several institutional investors have recently modified their holdings of the business. Amundi increased its holdings in Omega Healthcare Investors by 100.4% in the 2nd quarter. Amundi now owns 1,125,875 shares of the real estate investment trust’s stock worth $53,682,000 after buying an additional 564,175 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Omega Healthcare Investors during the 2nd quarter valued at about $12,719,000. California State Teachers Retirement System lifted its stake in Omega Healthcare Investors by 4,652.4% during the 2nd quarter. California State Teachers Retirement System now owns 16,435,725 shares of the real estate investment trust’s stock valued at $783,655,000 after acquiring an additional 16,089,882 shares during the period. Ameritas Advisory Services LLC boosted its holdings in shares of Omega Healthcare Investors by 34.2% during the 2nd quarter. Ameritas Advisory Services LLC now owns 19,706 shares of the real estate investment trust’s stock valued at $940,000 after acquiring an additional 5,027 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $1,246,000. 65.25% of the stock is owned by hedge funds and other 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.
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