Omega Healthcare Investors, Inc. (NYSE:OHI – Get Free Report) announced a quarterly dividend on Friday, January 26th, investing.com reports. Shareholders of record on Monday, February 5th will be given a dividend of 0.67 per share by the real estate investment trust on Thursday, February 15th. This represents a $2.68 annualized dividend and a yield of 9.14%. The ex-dividend date is Friday, February 2nd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18.
Omega Healthcare Investors has a dividend payout ratio of 181.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Omega Healthcare Investors to earn $2.70 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 99.3%.
Omega Healthcare Investors Price Performance
OHI stock opened at $29.33 on Wednesday. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 1.37. Omega Healthcare Investors has a 52-week low of $25.61 and a 52-week high of $34.77. The stock’s 50 day moving average is $30.62 and its two-hundred day moving average is $31.74. The company has a market capitalization of $7.19 billion, a PE ratio of 30.55, a P/E/G ratio of 10.32 and a beta of 0.93.
Analyst Upgrades and Downgrades
Institutional Trading of Omega Healthcare Investors
Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd raised its stake in shares of Omega Healthcare Investors by 264.3% in the 1st quarter. Covestor Ltd now owns 4,813 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 3,492 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Omega Healthcare Investors by 57.7% in the 1st quarter. Harbour Investments Inc. now owns 5,197 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 1,901 shares in the last quarter. Clearstead Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth $127,000. Ossiam raised its stake in shares of Omega Healthcare Investors by 48.4% in the 1st quarter. Ossiam now owns 4,389 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 1,432 shares in the last quarter. Finally, Tyler Stone Wealth Management bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter worth $117,000. Institutional investors own 65.50% of the company’s stock.
Omega Healthcare Investors Company Profile
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.
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