Omega Healthcare Investors, Inc. Plans Quarterly Dividend of $0.67 (NYSE:OHI)

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Monday, February 10th will be paid a dividend of 0.67 per share by the real estate investment trust on Tuesday, February 18th. This represents a $2.68 dividend on an annualized basis and a yield of 7.41%.

Omega Healthcare Investors has a dividend payout ratio of 161.4% indicating that 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 $2.86 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 93.7%.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI traded down $1.44 during midday trading on Wednesday, reaching $36.19. The company's stock had a trading volume of 2,342,576 shares, compared to its average volume of 1,743,686. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The stock has a market capitalization of $9.77 billion, a P/E ratio of 26.61, a PEG ratio of 1.08 and a beta of 0.99. Omega Healthcare Investors has a 12-month low of $27.53 and a 12-month high of $44.42. The firm has a 50 day moving average price of $38.47 and a 200-day moving average price of $39.02.

Wall Street Analyst Weigh In

Several research firms have issued reports on OHI. Mizuho increased their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Berenberg Bank started coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a "buy" rating and a $45.00 target price on the stock. Royal Bank of Canada lifted their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. BMO Capital Markets raised Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a report on Monday, December 9th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.10.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.

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