Omega Healthcare Investors, Inc. (OHI) to Issue Quarterly Dividend of $0.67 on August 15th

Omega Healthcare Investors, Inc. (NYSE:OHI) declared a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Monday, August 5th will be given a dividend of 0.67 per share by the real estate investment trust on Thursday, August 15th. This represents a $2.68 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Monday, August 5th.

Omega Healthcare Investors has a dividend payout ratio of 156.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Omega Healthcare Investors to earn $2.76 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 97.1%.

Omega Healthcare Investors Trading Up 4.3 %

Shares of NYSE:OHI opened at $38.29 on Friday. The business’s 50-day moving average is $33.91 and its 200 day moving average is $31.77. Omega Healthcare Investors has a 1 year low of $27.53 and a 1 year high of $38.85. The firm has a market capitalization of $9.46 billion, a P/E ratio of 34.49, a P/E/G ratio of 1.43 and a beta of 0.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OHI shares. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Truist Financial upped their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Scotiabank upped their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 9th. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $34.00 to $35.00 in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.67.

About Omega Healthcare Investors

Omega is a REIT 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 U.S., as well as in the U.K.