Omega Healthcare Investors Inc (NYSE:OHI) declared a quarterly dividend on Monday, April 16th, Wall Street Journal reports. Shareholders of record on Monday, April 30th will be paid a dividend of 0.66 per share by the real estate investment trust on Tuesday, May 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date is Friday, April 27th.
Omega Healthcare Investors has raised its dividend payment by an average of 7.9% annually over the last three years and has raised its dividend every year for the last 8 years. Omega Healthcare Investors has a payout ratio of 81.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Omega Healthcare Investors to earn $3.06 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 85.0%.
Shares of NYSE OHI opened at $26.11 on Tuesday. Omega Healthcare Investors has a fifty-two week low of $24.90 and a fifty-two week high of $35.14. The company has a market cap of $5,119.64, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 2.93 and a beta of 0.36. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.18.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.18). The firm had revenue of $221.21 million for the quarter, compared to the consensus estimate of $219.07 million. Omega Healthcare Investors had a net margin of 11.06% and a return on equity of 2.48%. sell-side analysts anticipate that Omega Healthcare Investors will post 2.93 EPS for the current year.
Several brokerages recently weighed in on OHI. Cantor Fitzgerald reissued a “buy” rating and set a $34.00 price target on shares of Omega Healthcare Investors in a research report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. SunTrust Banks set a $26.00 price target on shares of Omega Healthcare Investors and gave the company a “hold” rating in a research report on Wednesday, February 14th. Wells Fargo raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Thursday, February 15th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $27.00 price target (down previously from $29.00) on shares of Omega Healthcare Investors in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.37.
About Omega Healthcare Investors
Omega is a real estate investment trust 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 US, as well as in the UK.
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