Omega Healthcare Investors Inc (OHI)

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Omega Healthcare Investors Inc. (OHI) Declares Quarterly Dividend of $0.51

http://www.wkrb13.com/markets/334631/omega-healthcare-investors-inc-ohi-declares-quarterly-dividend-of-0-51/

Omega Healthcare Investors (NYSE:OHI) declared a quarterly dividend on Tuesday, July 15th, American Banking & Market News reports. Shareholders of record on Thursday, July 31st will be given a dividend of 0.51 per share on Friday, August 15th. This represents a $2.04 dividend on an annualized basis and a yield of 5.40%.

On a related note, analysts at Goldman Sachs downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $38.00 price target on the stock, up previously from $37.00.

Omega Healthcare Investors (NYSE:OHI) traded up 0.27% on Tuesday, hitting $37.81. The stock had a trading volume of 519,143 shares. Omega Healthcare Investors has a 1-year low of $27.37 and a 1-year high of $38.33. The stock has a 50-day moving average of $36.75 and a 200-day moving average of $33.9. The company has a market cap of $4.766 billion and a P/E ratio of 24.00.

Omega Healthcare Investors (NYSE:OHI) last released its earnings data on Tuesday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $99.76 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts predict that Omega Healthcare Investors will post $2.79 earnings per share for the current fiscal year.

Omega Healthcare Investors, Inc (NYSE:OHI) is a self-administered real estate investment trust (REIT), investing in income-producing healthcare facilities, such as long-term care facilities located throughout the United States.