Loading...

Omega Healthcare Investors

NYSE:OHI
Snowflake Description

6 star dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OHI
NYSE
$8B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
OHI Share Price and Events
7 Day Returns
-8.1%
NYSE:OHI
0.1%
US REITs
0.5%
US Market
1 Year Returns
41.3%
NYSE:OHI
12.8%
US REITs
2%
US Market
OHI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Omega Healthcare Investors (OHI) -8.1% -1.9% 5.4% 41.3% 22% 16.5%
US REITs 0.1% 7.3% 4.2% 12.8% 20.5% 26.4%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • OHI outperformed the REITs industry which returned 12.8% over the past year.
  • OHI outperformed the Market in United States of America which returned 2% over the past year.
Price Volatility
OHI
Industry
5yr Volatility vs Market

Value

 Is Omega Healthcare Investors undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Omega Healthcare Investors to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Omega Healthcare Investors.

NYSE:OHI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:OHI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.551 (1 + (1- 21%) (58.36%))
0.804
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.804 * 7.27%)
8.58%

Discounted Cash Flow Calculation for NYSE:OHI using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Omega Healthcare Investors is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

Omega Healthcare Investors is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:OHI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (USD, Millions) 609.02 667.40 706.01 752.51 778.39
Source Analyst x4 Analyst x5 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 8.58%)
560.90 566.10 551.54 541.42 515.80
Present value of next 5 years cash flows $2,735.77
NYSE:OHI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $778.39 × (1 + 2.73%) ÷ (8.58% – 2.73%)
$13,672.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $13,672.82 ÷ (1 + 8.58%)5
$9,060.27
NYSE:OHI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $2,735.77 + $9,060.27
$11,796.04
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $11,796.04 / 211.06
$54.87
NYSE:OHI Discount to Share Price
Calculation Result
Value per share (USD) From above. $54.87
Current discount Discount to share price of $36.19
= -1 x ($36.19 - $54.87) / $54.87
34%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Omega Healthcare Investors is available for.
Intrinsic value
34%
Share price is $36.19 vs Future cash flow value of $54.87
Current Discount Checks
For Omega Healthcare Investors to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Omega Healthcare Investors's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Omega Healthcare Investors's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Omega Healthcare Investors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Omega Healthcare Investors's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:OHI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.41
NYSE:OHI Share Price ** NYSE (2019-02-13) in USD $36.19
United States of America REITs Industry PE Ratio Median Figure of 154 Publicly-Listed REITs Companies 31.96x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Omega Healthcare Investors.

NYSE:OHI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OHI Share Price ÷ EPS (both in USD)

= 36.19 ÷ 1.41

25.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Omega Healthcare Investors is good value based on earnings compared to the US REITs industry average.
  • Omega Healthcare Investors is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Omega Healthcare Investors's expected growth come at a high price?
Raw Data
NYSE:OHI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
8.3%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 0.86x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

NYSE:OHI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.74x ÷ 8.3%

3.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Omega Healthcare Investors is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Omega Healthcare Investors's assets?
Raw Data
NYSE:OHI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $17.02
NYSE:OHI Share Price * NYSE (2019-02-13) in USD $36.19
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.74x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
NYSE:OHI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OHI Share Price ÷ Book Value per Share (both in USD)

= 36.19 ÷ 17.02

2.13x

* Primary Listing of Omega Healthcare Investors.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Omega Healthcare Investors is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Omega Healthcare Investors's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Omega Healthcare Investors has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Omega Healthcare Investors expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Omega Healthcare Investors expected to grow at an attractive rate?
  • Omega Healthcare Investors's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Omega Healthcare Investors's earnings growth is positive but not above the United States of America market average.
  • Omega Healthcare Investors's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:OHI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:OHI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 8.3%
NYSE:OHI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -1.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:OHI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:OHI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 837 429 1
2022-12-31 835 423 1
2021-12-31 835 397 1
2020-12-31 826 608 382 5
2019-12-31 784 596 352 4
NYSE:OHI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 882 282
2018-09-30 883 499 282
2018-06-30 881 531 93
2018-03-31 897 518 80
2017-12-31 908 578 100
2017-09-30 922 595 162
2017-06-30 927 602 373
2017-03-31 920 610 415
2016-12-31 901 625 366
2016-09-30 877 598 303
2016-06-30 854 558 304
2016-03-31 823 488 237

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Omega Healthcare Investors's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Omega Healthcare Investors's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:OHI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Omega Healthcare Investors Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OHI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.74 1.79 1.69 3.00
2019-12-31 1.71 1.75 1.68 3.00
NYSE:OHI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.41
2018-09-30 1.41
2018-06-30 0.47
2018-03-31 0.40
2017-12-31 0.51
2017-09-30 0.82
2017-06-30 1.90
2017-03-31 2.14
2016-12-31 1.91
2016-09-30 1.60
2016-06-30 1.62
2016-03-31 1.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Omega Healthcare Investors is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Omega Healthcare Investors's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Omega Healthcare Investors has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Omega Healthcare Investors performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Omega Healthcare Investors's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Omega Healthcare Investors's year on year earnings growth rate has been positive over the past 5 years.
  • Omega Healthcare Investors's 1-year earnings growth exceeds its 5-year average (180.4% vs 2%)
  • Omega Healthcare Investors's earnings growth has exceeded the US REITs industry average in the past year (180.4% vs 16.8%).
Earnings and Revenue History
Omega Healthcare Investors's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Omega Healthcare Investors Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OHI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 881.68 281.58 70.20
2018-09-30 883.14 281.76 65.29
2018-06-30 880.92 93.48 73.21
2018-03-31 896.84 80.20 71.62
2017-12-31 908.39 100.42 62.26
2017-09-30 921.67 162.28 66.32
2017-06-30 926.67 372.51 58.60
2017-03-31 919.69 415.30 55.06
2016-12-31 900.83 366.42 55.71
2016-09-30 876.85 302.80 50.77
2016-06-30 854.19 303.65 48.50
2016-03-31 823.08 237.03 48.13
2015-12-31 743.62 224.52 46.44
2015-09-30 664.43 220.87 33.59
2015-06-30 593.12 203.18 29.42
2015-03-31 517.21 208.57 25.41
2014-12-31 504.79 221.35 25.89
2014-09-30 484.60 211.57 24.23
2014-06-30 457.24 187.99 23.70
2014-03-31 437.95 190.23 22.89
2013-12-31 418.71 172.52 21.59
2013-09-30 402.59 159.24 21.82
2013-06-30 386.40 151.22 21.53
2013-03-31 367.71 132.73 21.00
2012-12-31 350.46 120.70 21.33
2012-09-30 331.75 106.07 20.54
2012-06-30 317.46 97.39 19.76
2012-03-31 306.24 84.62 19.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Omega Healthcare Investors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Omega Healthcare Investors used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Omega Healthcare Investors's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Omega Healthcare Investors's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Omega Healthcare Investors has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Omega Healthcare Investors's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Omega Healthcare Investors's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Omega Healthcare Investors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Omega Healthcare Investors's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Omega Healthcare Investors's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Omega Healthcare Investors Company Filings, last reported 1 month ago.

NYSE:OHI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,764.48 4,540.62 10.30
2018-09-30 3,785.97 4,588.24 9.77
2018-06-30 3,854.32 4,448.06 10.95
2018-03-31 3,870.40 4,643.68 71.23
2017-12-31 3,888.26 4,572.16 85.94
2017-09-30 3,942.84 4,644.53 24.32
2017-06-30 4,175.51 4,429.89 21.03
2017-03-31 4,214.52 4,300.87 40.35
2016-12-31 4,211.99 4,366.85 93.69
2016-09-30 4,175.19 4,433.64 32.57
2016-06-30 4,101.93 4,162.30 32.96
2016-03-31 4,052.53 4,219.19 9.41
2015-12-31 4,100.87 3,540.01 5.42
2015-09-30 4,064.65 4,244.92 15.32
2015-06-30 4,077.32 3,447.92 25.15
2015-03-31 1,770.95 2,627.38 700.14
2014-12-31 1,401.33 2,378.50 4.49
2014-09-30 1,406.38 2,301.38 0.45
2014-06-30 1,383.80 2,359.61 28.69
2014-03-31 1,355.35 2,091.12 20.37
2013-12-31 1,300.10 2,024.42 2.62
2013-09-30 1,190.00 1,700.05 67.76
2013-06-30 1,137.30 1,706.67 7.04
2013-03-31 1,105.75 1,765.69 25.61
2012-12-31 1,011.33 1,824.93 1.71
2012-09-30 1,020.92 1,588.54 6.95
2012-06-30 935.68 1,489.99 2.86
2012-03-31 882.88 1,530.00 2.72
  • Omega Healthcare Investors's level of debt (120.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (155.7% vs 120.6% today).
  • Debt is not well covered by operating cash flow (11%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Omega Healthcare Investors's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Omega Healthcare Investors has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Omega Healthcare Investors's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.29%
Current annual income from Omega Healthcare Investors dividends. Estimated to be 7.46% next year.
If you bought $2,000 of Omega Healthcare Investors shares you are expected to receive $146 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Omega Healthcare Investors's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Omega Healthcare Investors's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:OHI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:OHI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.78 2.00
2022-12-31 2.76 2.00
2021-12-31 2.74 2.00
2020-12-31 2.67 6.00
2019-12-31 2.64 3.00
NYSE:OHI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-15 2.640 6.804
2018-10-16 2.640 7.500
2018-07-13 2.640 8.265
2018-04-13 2.640 9.063
2018-01-16 2.640 9.935
2017-10-12 2.600 9.242
2017-07-13 2.560 8.035
2017-04-13 2.520 7.652
2017-01-12 2.480 7.677
2016-10-13 2.440 7.968
2016-07-14 2.400 6.773
2016-04-14 2.320 6.994
2016-01-14 2.280 6.975
2015-10-14 2.240 6.523
2015-07-15 2.200 6.262
2015-04-16 2.160 6.001
2015-01-14 2.120 5.180
2014-10-17 2.080 5.349
2014-07-16 2.040 5.591
2014-04-21 2.000 5.508
2014-01-15 1.960 6.042
2013-10-15 1.920 6.077
2013-07-16 1.880 6.224
2013-04-16 1.840 5.613
2013-01-16 1.800 6.402
2012-10-17 1.760 7.565
2012-07-17 1.680 7.074
2012-04-17 1.680 7.756
2012-01-13 1.640 7.795
2011-10-13 1.600 8.867
2011-07-15 1.600 9.117
2011-04-14 1.520 7.114
2011-01-14 1.480 6.572
2010-10-14 1.480 6.704
2010-07-15 1.440 6.562
2010-04-15 1.280 6.443
2010-01-20 1.280 6.586
2009-10-20 1.200 6.705
2009-07-16 1.200 7.237
2009-04-16 1.200 7.756
2009-02-17 1.200 8.785

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Omega Healthcare Investors's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (285.7x coverage).
X
Income/ dividend checks
We assess Omega Healthcare Investors's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Omega Healthcare Investors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Omega Healthcare Investors has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Omega Healthcare Investors's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
C. Pickett
COMPENSATION $6,695,586
AGE 56
TENURE AS CEO 17.7 years
CEO Bio

Mr. C. Taylor Pickett, CPA, has been the Chief Executive Officer and President of Omega Healthcare Investors Inc., general partner of OHI Healthcare Properties Limited Partnership since June 12, 2001. He is the Chief Executive Officer at 3232 Artesia Real Estate, LLC, OHI Asset (TX) Winnsboro ALF, LLC, OHI Asset S-W, LLC, Ridgecrest Senior Care, LLC, Palm Valley Senior Care, LLC, OHI Healthcare Properties Holdco, Inc., OHI Asset (VA) Midlothian, LLC, OHI Asset HUD H-F, LLC, Twinsburg Ohio Property, LLC, Weston ALF Property, L.L.C., OHI Asset (TX) Longview, LLC, OHI Asset (TX) Athens, LLC, OHI Asset (TN) Westmoreland, LLC, OHI Asset (TN) Pigeon Forge, LLC, OHI Asset (TN) Nashville, LLC, OHI Asset (TN) Mountain City, LLC, OHI Asset (TN) Spring City, LLC, OHI Asset (TN) Rockwood, LLC, OHI Asset (TN) South Pittsburg, LLC, OHI Asset (TN) Monterey, LLC, OHI Asset (TN) Rogersville - 109 Highway 70 North, LLC, OHI Asset (TN) Monteagle, LLC, OHI Asset (TN) Jamestown, LLC, OHI Asset (TN) Memphis - 1150 Dovecrest, LLC, OHI Asset (TN) Columbia, LLC, OHI Asset (TN) Elizabethton, LLC, OHI Asset (TN) Cleveland, LLC, OHI Asset (SC) Five Forks, LLC, OHI Asset (SC) Greenville Cottages, LLC, OHI Asset (MO) Jackson, LLC, OHI Asset (KY) Owensboro, LLC, OHI Asset (KY) Morgantown, LLC, OHI Asset (KY) Louisville - 2529 Six Mile Lane, LLC, OHI Asset (KY) Louisville - 1120 Cristland, LLC, OHI Asset (KY) Beattyville, LLC, OHI Asset (GA) Cordele, LLC, OHI Asset (FL) Sebring, LLC, OHI Asset (FL) Middleburg, LLC, OHI Asset (FL) Port St. Joe, LLC, OHI Asset (CO) Mesa, LLC, OHI Asset (FL) Marianna, LLC, OHI Asset (FL) Graceville, LLC, CHR Pompano Beach Broward LLC, OHI Asset (CO) Brighton, LLC, Cuyahoga Falls Property II, L.L.C., and OHI Asset (CO) Denver, LLC. Mr. Pickett serves as the Chief Executive Officer at 11900 East Artesia Boulevard, LLC and 1628 B Street, LLC. He served as the Executive Vice President and Chief Financial Officer at Integrated Health Services, Inc. from January 1998 to June 2001 and Principal Accounting Officer. He served as an Executive Vice President of Symphony Health Services from November 1996 to January 1998, Senior Vice President from February 1995 to November 1996 and also served as its Principal Accounting Officer. He joined Integrated Health Services Inc. in September 1993 and served as Vice President of Acquisitions and Taxes and also as Executive Vice President of Mergers and Acquisitions from May 1997 to December 1997. He served as the President of Symphony Health Services Inc. from January 1996 to May 1997. He has been a Director of Omega Healthcare Investors Inc., general partner of OHI Healthcare Properties Limited Partnership since May 30, 2002. He serves as Director of 11900 East Artesia Boulevard, LLC and 1628 B Street, LLC. He has been a Director of Omega Worldwide Inc. since May 30, 2002. He served as a Director of Taxes for PHH Corporation. Prior to joining Integrated Health Services, Inc. Mr. Pickett held various positions at PHH Corporation and KPMG Peat Marwick. He has been a Trustee of Corporate Office Properties Trust since November 21, 2013. He is a Certified Public Accountant. He received his Bachelor's Degree in accounting with honors from the University of Delaware and a Juris Doctor Degree with honors from the University of Maryland School of Law.

CEO Compensation
  • C.'s compensation has been consistent with company performance over the past year.
  • C.'s remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Omega Healthcare Investors management team in years:

12
Average Tenure
54
Average Age
  • The average tenure for the Omega Healthcare Investors management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

C. Pickett

TITLE
CEO & Director
COMPENSATION
$7M
AGE
56
TENURE
17.7 yrs

Bob Stephenson

TITLE
CFO, Treasurer & Assistant Secretary
COMPENSATION
$3M
AGE
54
TENURE
17.5 yrs

Dan Booth

TITLE
Secretary & COO
COMPENSATION
$3M
AGE
55
TENURE
17.3 yrs

Michael Ritz

TITLE
Chief Accounting Officer
COMPENSATION
$1M
AGE
49
TENURE
12 yrs

Matthew Gourmand

TITLE
Senior Vice President of Investor Relations
AGE
42
TENURE
1.3 yrs

Steven Insoft

TITLE
Chief Corporate Development Officer
COMPENSATION
$3M
AGE
54
TENURE
3.8 yrs

Samuel Kovitz

TITLE
Executive VP
AGE
55

Megan Krull

TITLE
Senior Vice President of Operations
AGE
40

Michele Reber

TITLE
Senior Director of Asset Management

Vikas Gupta

TITLE
Senior Vice President of Acquisitions & Development
AGE
36
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Omega Healthcare Investors board of directors in years:

3.8
Average Tenure
65
Average Age
  • The tenure for the Omega Healthcare Investors board of directors is about average.
Board of Directors

Craig Callen

TITLE
Chairman of the Board
COMPENSATION
$320K
AGE
62
TENURE
1.7 yrs

C. Pickett

TITLE
CEO & Director
COMPENSATION
$7M
AGE
56
TENURE
16.8 yrs

Steve Plavin

TITLE
Director
COMPENSATION
$272K
AGE
59
TENURE
18.6 yrs

Ed Lowenthal

TITLE
Director
COMPENSATION
$276K
AGE
74
TENURE
23.3 yrs

Ben Perks

TITLE
Director
COMPENSATION
$264K
AGE
76
TENURE
3.8 yrs

Barbara Hill

TITLE
Director
COMPENSATION
$257K
AGE
66
TENURE
5.8 yrs

Norm Bobins

TITLE
Director
COMPENSATION
$253K
AGE
75
TENURE
3.8 yrs

Kapila Anand

TITLE
Director
AGE
64
TENURE
0.7 yrs

Burke Whitman

TITLE
Director
AGE
62
TENURE
0.3 yrs

Bernard Korman

TITLE
Director Emeritus
COMPENSATION
$289K
AGE
85
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Omega Healthcare Investors's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Omega Healthcare Investors has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Worry About Omega Healthcare Investors, Inc.'s (NYSE:OHI) CEO Pay Cheque?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Omega Healthcare Investors. … Pickett's Compensation Compare With Similar Sized Companies?

Simply Wall St -

A Note On Omega Healthcare Investors, Inc.'s (NYSE:OHI) ROE and Debt To Equity

We'll use ROE to examine Omega Healthcare Investors, Inc. … Our data shows Omega Healthcare Investors has a return on equity of 7.8% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Has Been Buying Omega Healthcare Investors, Inc. (NYSE:OHI) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Omega Healthcare Investors, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Omega Healthcare Investors Insider Transactions Over The Last Year.

Simply Wall St -

You May Have Been Looking At Omega Healthcare Investors Inc (NYSE:OHI) All Wrong

Omega Healthcare Investors Inc is a US$7.7b. … See our latest analysis for Omega Healthcare Investors. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities

Simply Wall St -

Omega Healthcare Investors Inc (NYSE:OHI): Commentary On Fundamentals

Omega Healthcare Investors Inc (NYSE:OHI) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of OHI, it

Simply Wall St -

Is Omega Healthcare Investors Inc's (NYSE:OHI) CEO Incentives Align With Yours?

First, this article will compare CEO compensation with compensation at similar sized companies. … Pickett's Compensation Compare With Similar Sized Companies. … According to our data, Omega Healthcare Investors Inc has a market capitalization of US$6.9b, and pays its CEO total annual compensation worth US$6m?

Simply Wall St -

With An ROE Of 2.16%, Has Omega Healthcare Investors Inc's (NYSE:OHI) Management Done Well?

Omega Healthcare Investors Inc’s (NYSE:OHI) most recent return on equity was a substandard 2.16% relative to its industry performance of 7.37% over the past year. … Though OHI's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted. … See our latest analysis for Omega Healthcare Investors

Simply Wall St -

How To Look At Omega Healthcare Investors Inc (NYSE:OHI)

Omega Healthcare Investors Inc is a US$6.08b. … See our latest analysis for Omega Healthcare Investors … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities

Simply Wall St -

Should You Buy Omega Healthcare Investors Inc (NYSE:OHI) For Its Dividend?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Omega Healthcare Investors Inc (NYSE:OHI) has returned to shareholders over the past 10 years, an average dividend yield of 7.00% annually. … Does Omega Healthcare Investors tick all the boxes of a great dividend stock?

Simply Wall St -

Have Investors Priced In Omega Healthcare Investors Inc's (NYSE:OHI) Growth?

Omega Healthcare Investors Inc (NYSE:OHI), a reits company based in United States,. … Let’s examine Omega Healthcare Investors’s valuation and outlook in more detail to determine if there’s still a bargain opportunity? … What is Omega Healthcare Investors worth

Simply Wall St -

Company Info

Map
Description

Omega is a real estate investment trust 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 US, as well as in the UK.

Details
Name: Omega Healthcare Investors, Inc.
OHI
Exchange: NYSE
Founded: 1992
$7,779,708,460
$7,322,901,740
211,061,000
Website: http://www.omegahealthcare.com
Address: Omega Healthcare Investors, Inc.
303 International Circle,
Suite 200,
Hunt Valley,
Maryland, 21030,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OHI Common Stock New York Stock Exchange US USD 07. Aug 1992
DB WX4 Common Stock Deutsche Boerse AG DE EUR 07. Aug 1992
LSE 0KBL Common Stock London Stock Exchange GB USD 07. Aug 1992
Number of employees
Current staff
Staff numbers
59
Omega Healthcare Investors employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/13 23:47
End of day share price update: 2019/02/13 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.