Omega Healthcare Investors (OHI) Set to Announce Quarterly Earnings on Thursday

Omega Healthcare Investors (NYSE:OHI) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $30.78 on Tuesday. The company has a market cap of $7.60 billion, a P/E ratio of 31.09, a P/E/G ratio of 10.18 and a beta of 0.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. The business’s 50 day moving average price is $31.00 and its 200-day moving average price is $31.07. Omega Healthcare Investors has a fifty-two week low of $26.11 and a fifty-two week high of $34.77.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is currently 270.71%.

Analysts Set New Price Targets

OHI has been the topic of several analyst reports. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Mizuho cut their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Truist Financial upped their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $31.00 to $35.00 in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $33.58.

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.