Insiders that own company stock include Burke W Whitman, Burke W Whitman, C Taylor Pickett, Daniel J Booth, Kapila K Anand, Neal Ballew, Robert O Stephenson and Steven J Insoft. Omega Healthcare Investors’s most recent quarterly dividend payment of $0.67 per share was made to shareholders on Tuesday, August 15, 2023. Recent stocks from this report have soared cost of equity meaning up to +178.7% in 3 months – this month’s picks could be even better. A company’s occupancy rating is a very important metric I feel many investors overlook when investing in REITs. I like to see somewhere upward of 95%, but the higher the better, obviously. As previously mentioned, the REIT has seen its occupancy rate move in the right direction since 2021.
These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities.
We share the weekly search patterns of our visitors to provide insights into… Learn from industry thought leaders and expert market participants. Yes, Omega Healthcare Investors has been paying dividends for the last 20 years. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
Because of this, the stock is trading close to its 52-week high of $33.16. I personally think the stock was a buy during the banking scare back in March of this year around $26. For me, the stock is a buy in that range as the REIT offers essentially no upside to its price target of $32.50. Investors should be aware of this and keep a close eye over the next few quarters, especially with rates to remain higher for longer and surging oil prices. This could push the economy into a recession, causing more tenants to default on their rents in the near-future.
Recently Viewed Tickers
There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” OHI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OHI, but not buy additional shares or sell existing shares. Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities.
Omega Healthcare Investors Inc is a healthcare facility real estate investment trust that invests in the United States real estate markets. Omega’s portfolio focuses on long-term healthcare facilities. The company maintains dual goals of increasing its returns to investors while also maintaining a high level of care for residents. Omega works to obtain contractual rent escalations under long-term leases, along with fixed-rate mortgage loans. The company considers merger and acquisition investment as a component of its operational growth strategy.
And that may make this a great time to buy its shares hand over fist and stand ready for when market sentiment shifts. He’s worked with Investopedia dealing with
topics such as the stock market and financial news. During that same period the company also saw their revenue drop to $144.8 million but it has since recovered. In comparison to 2022, the 1H of ’23 has been relatively weak. Also, OHI has not raised its dividend since 2019 but held steady when a lot of companies slashed their dividends.
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.0. Build conviction from in-depth coverage of the best dividend stocks. 3 employees have rated Omega Healthcare Investors Chief Executive Officer C. Taylor Pickett on Glassdoor.com.
Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. Also, OHI offers an annual dividend yield of just over 8%, with their most recent quarterly dividend being $0.67 per share. With the aging population needing access to healthcare facilities, Omega Healthcare is in an industry that will be a consistent need. OHI is a REIT that invests in the healthcare industry with an emphasis on skilled-nursing and assisted living facilities. Its portfolio consists of a diverse group of healthcare companies, predominantly in the triple-net lease structure. They also have properties located in the United Kingdom.
Revenue & earnings are expected to grow modestly over the next 2 years. Revenue is expected to grow 7% from the end of 2023 to 2024 and by less than 3% in 2025. During the same time, analysts are expecting earnings to post significant growth from ’23 to ’24 at 41.5% and lower in 2025 at 8%. Modest growth is still growth and better than no growth at all. During Q2 earnings OHI reported FFO of $0.63 and AFFO of $0.74. Revenue came in at $250.2 million, growing 14.6% from Q3 and by 4.5% from Q3 of ’22.
Earnings and Valuation
C. Taylor Pickett has an approval rating of 56% among the company’s employees. Taylor Pickett in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Omega Healthcare Investors’ stock was trading at $27.95 at the beginning of 2023. Since then, OHI stock has increased by 16.7% and is now trading at $32.61. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
OHI has a payout ratio of 257.7% which is higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 127.6%, Omega Healthcare Investors’s payout ratio is 102% higher. Omega Healthcare Investors’ stock is owned by many different retail and institutional investors.
And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The most recent change in the company’s dividend was an increase of $0.01 on Monday, October 14, 2019.
During the second quarter, both LaVie and Maplewood short paid their rent. Because of this, OHI drew down on a $4.8 million security deposit to apply to any rental shortfalls next quarter. Additionally, both companies are in the process of restructuring their portfolio by releasing/selling certain underperforming facilities. Below is a chart of OHI’s financials for the last four quarters. With their occupancy slowly moving up, they should see some growth in the next few quarters. Although I like to see a nice ladder moving up and to the right (I call it the Stairway to Heaven), OHI has at least been able to cover its dividend of $0.67.
Omega Healthcare Investors Inc
Over the past three years, the company’s dividend has grown by an average of 0.38% per year. Brent Nyitray, CFA has no position in any of the stocks mentioned. Matthew DiLallo has positions in Blackstone, Invitation Homes, and Realty Income. The Motley Fool has positions in and recommends Blackstone and Invitation Homes. A Real Estate Investment Trust (REIT) is a must for any investor’s portfolio.
We’d like to share more about how we work and what drives our day-to-day business. One share of OHI stock can currently be purchased for approximately $32.61. Sign-up to receive the latest news and ratings for Omega Healthcare Investors and its competitors with MarketBeat’s FREE daily newsletter.
The dividend is paid every three months and the last ex-dividend date was Jul 28, 2023. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Kimco is guiding for 2023 funds from operations (FFO) to come in between $1.55 and $1.57 per share. REITs tend to use FFO in addition to net income because depreciation and amortization are big expenses under generally accepted accounting principles. Since depreciation and amortization are non-cash charges, net income tends to understate the cash flows of the company. Notably, Omega Healthcare’s share price hasn’t changed over the past year.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Please log in to your account or sign up in order to add this asset to your watchlist.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Our portfolio is focused on local senior healthcare facilities that span all regions https://1investing.in/ of the US and the United Kingdom. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The next Omega Healthcare Investors, Inc. dividend is expected to go ex in 2 months and to be paid in 2 months. The previous Omega Healthcare Investors, Inc. dividend was 67c and it went ex 2 months ago and it was paid 1 month ago.
During this transformative time in senior healthcare, our goal is to serve as a capital partner for operators while providing increased returns to our investors. We are committed to investing in senior healthcare facilities, and our approach to this investment type has provided success and growth through the years. With a roughly 9% dividend yield, this healthcare REIT’s assets provide services that can’t be easily replicated elsewhere. See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Schedule monthly income from dividend stocks with a monthly payment frequency.
- Eventually leading to the REIT losing its investment grade rating, which would result in much higher interest expenses for a company who’s having financial stress.
- Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
- This should raise concerns with investors as this could potentially have a domino effect with other tenants within the portfolio.
- But because of the business model of REITs it’s not out of the norm to see above this.
- The transaction is expected to be immediately accretive to funds from operations, which means the transaction is expected to start improving earnings right off the bat.
It now has around $900 million of homes under contract that it expects to acquire in the coming years. The company reported Q with a total revenue increase of 8% and net income drop by 67%. EPR Properties has $6.7 billion in investments within experiential properties and $500 million and education properties.
Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Generate fixed income from corporates that prioritize environmental, social and governance responsibility. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend.