Omega Healthcare Stock Price, News & Analysis

On March 3, 2021, Omega Healthcare Investors (NYSE: OHI) announced an amendment to its tender offer for its 4.375% Senior Notes due 2023, increasing the total from $250 million to $350 million. All other terms of the tender offer remain unchanged. The offer will expire at 11:59 p.m. on March 30, 2021, with an early tender deadline of 5:00 p.m. on March 16, 2021. Holders who tender their notes early will receive a premium plus accrued interest. The offer is subject to certain conditions including a financing condition.

Omega Healthcare Investors (NYSE: OHI) announced a tender offer to purchase up to $250 million of its 4.375% Senior Notes due 2023, with a total principal amount outstanding of $700 million. The tender offer expires on March 30, 2021, at 11:59 p.m. New York City Time. Holders who tender their notes by March 16, 2021, will receive an early tender premium of $30 per $1,000 principal amount. The offer is subject to specific conditions, including a financing condition, and is not subject to minimum tender conditions.

Omega Healthcare Investors reported strong financial results for Q4 2020, with net income of $63.1 million, up from $61.1 million YoY, and revenues of $263.8 million compared to $246.7 million in the prior year. The company also achieved NAREIT FFO of $173.3 million, a slight decrease from $175.5 million in Q4 2019. Notable developments include a $510 million acquisition of 24 senior living facilities and over 99% rent collection in January 2021, despite challenges from COVID-19. The company reinstated its dividend reinvestment plan and declared a dividend of $0.67 per share.

Omega Healthcare Investors (NYSE:OHI) announced a common stock dividend of $0.67 per share, payable on February 16, 2021, for stockholders of record as of February 8, 2021. The company will release its fourth quarter earnings for the period ending December 31, 2020, on February 4, 2021, after market close, followed by a conference call on February 5, 2021, at 10 a.m. ET to discuss the results and developments. Omega is a REIT focused on long-term healthcare facilities, with an extensive portfolio across the US and UK.

Omega Healthcare Investors, Inc. (NYSE:OHI) has reinstated its Dividend Reinvestment and Optional Cash Purchase Plan, effective immediately, after a suspension that began on March 23, 2020. The plan allows for dividend reinvestments at a 1% discount per share, while optional cash purchases will continue to be sold without a discount. Participants from the suspension date will receive details on their enrollment status shortly. Omega focuses on long-term healthcare investments in skilled nursing and assisted living facilities across the US and UK.

Omega Healthcare Investors reported a net loss of $93.8 million for Q3 2020, equating to $0.40 per share, against revenues of $119.2 million. NAREIT FFO stood at $15.1 million ($0.06 per share), while Adjusted FFO was $191.8 million ($0.82 per share). Q3 revenue was affected by a $143.3 million write-down in non-cash revenue. However, the company collected over 99% of contractual rents and maintained a dividend of $0.67 per share. Going forward, Omega issued $700 million in Senior Notes to enhance its liquidity.

Omega Healthcare Investors (NYSE: OHI) declared a common stock dividend of $0.67 per share, scheduled for payment on November 16, 2020. The record date for stockholders is November 2, 2020. As a real estate investment trust, Omega specializes in long-term healthcare investments, focusing on skilled nursing and assisted living facilities. Its diverse portfolio operates predominantly under a triple-net lease structure across the US and UK, showcasing the company's commitment to supporting healthcare facilities.

Omega Healthcare Investors (NYSE: OHI) is set to announce its third quarter earnings on October 29, 2020, post-market close. A conference call will follow on October 30, 2020, at 10 a.m. ET, to discuss the results and recent developments. The company focuses on investments in the long-term healthcare sector, primarily in skilled nursing and assisted living facilities, utilizing a triple-net lease structure. Further information can be found on Omega's website.

Omega Healthcare Investors (NYSE: OHI) has announced a public offering of $700 million in 3.375% Senior Notes maturing in 2031. The settlement is expected on October 9, 2020. Proceeds will be used to repay existing borrowings and for general corporate purposes, including future acquisitions. The notes are unsecured obligations guaranteed by existing and future subsidiaries. J.P. Morgan, BofA Securities, Credit Agricole CIB, and Wells Fargo Securities are leading the offering. The issue price is set at 98.249% with a coupon rate of 3.375%, payable semiannually.