Omega Healthcare Investors is a healthcare REIT with best-in-class margins of 51%, a strong earnings beat streak of 3 of 4 quarters, and a Rule of 40 score of 56, but the stock is priced near its analyst target with only 1.3% remaining upside and momentum has weakened below the minimum threshold.
Thesis pillars
- Snf Concentration Risk↓Deteriorating
- Best In Class Margins Quality→Stable
- Earnings Beat Streak→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 9, 2026
Omega Healthcare Investors, Inc (OHI) Stock Analysis
Range Bound setup
Real Estate · REIT - Healthcare Facilities
Sell if holding. Analyst target reached at $45.64 — A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: SNFs (54.6%).
Omega Healthcare Investors is a healthcare REIT owning 1,027 operating SNFs, assisted living facilities, and other long-term care properties in 42 states and the U.K., leased under triple-net agreements to 89 operators. SNFs drive 54.6% of revenues; average annualized lease... Read more
Sell if holding. Analyst target reached at $45.64 — A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: SNFs (54.6%). Chart setup: RSI 59 mid-range, Bollinger mid-band. Score 6.3/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 5d<=7d. Suitability: moderate.
About Omega Healthcare Investors, Inc
About Omega Healthcare Investors, Inc
Omega Healthcare Investors held 1,027 operating healthcare facilities across 42 states, the United Kingdom, and Bailiwick of Jersey at year-end 2025, with gross real estate investments totaling $11.9 billion. Skilled nursing facilities and transitional care properties generated 54.6% of annual revenues from 577 facilities; senior housing (ALFs, ILFs, and CCRCs) contributed 30.4% from 359 facilities. Triple-net operating leases — 86% of which have terms extending beyond 2030 — carried an average annualized yield of 10.4%, with 89 third-party operators responsible for all facility operations.
Omega earns revenue primarily through triple-net leases in which operators pay one monthly rent covering all properties under a master lease agreement, bearing facility-level operating costs, capital maintenance, and insurance. Lease terms run 5 to 15 years with annual escalators; real estate assets and mortgage loans on 1,027 facilities generated 93.5% of 2025 revenues, with the balance from other real estate loans, unconsolidated entities, and non-real estate loans. Mortgage loans on 91 SNF and senior housing facilities provide supplemental income at an average 10.2% annualized yield. During the fourth quarter of 2025, Omega adopted RIDEA structures for four newly acquired senior housing facilities managed by two third-party managers, providing direct exposure to operating cash flows. Operators are subject to Medicare and Medicaid reimbursement as the primary revenue source for SNF operators, and regulatory changes to these programs — including the OBBBA's estimated $920 billion in Medicaid cuts over the next decade enacted in July 2025 — may adversely impact operators' ability to service lease obligations to Omega.
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The concentrated SNF-tenant exposure means Omega's cash flow is directly linked to Medicare and Medicaid reimbursement policy and operator financial health. The OBBBA froze nursing home provider taxes and introduced reductions to Medicaid that could reduce reimbursement levels states pass through to SNF operators, exposing the company to potential rent coverage deterioration from its largest tenant segment. In May 2026, the company disclosed planned CEO and CFO retirements via Form 8-K: C. Taylor Pickett will step down October 1, 2026, succeeded by President Matthew P. Gourmand; CFO Robert O. Stephenson departs August 1, 2026, with SVP Neal A. Ballew succeeding him. Both transitions follow long-term succession planning with named successors.
See also: Real Estate · REIT - Healthcare Facilities
From Omega Healthcare Investors, Inc's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — Omega Healthcare Investors, Inc
Latest news
- NEWS Omega Healthcare Investors: Q2 Earnings Snapshot - KING5.com — KING5.com positive
- NEWS Omega Healthcare Investors: Q2 Earnings Snapshot - king5.com — king5.com positive
- NEWS (OHI) Omega Healthcare Investors Now Expects 2026 Adjusted FFO Per Share Range $3.22-$3.26, vs. FactSet Est of $3.24 - m — marketscreener.com positive
- NEWS Earnings Flash (OHI) Omega Healthcare Investors Posts Q2 Adjusted FFO Per Share $0.83, vs. FactSet Est of $0.80 - market — marketscreener.com positive
- NEWS Omega Healthcare Investors (NYSE:OHI) Issues FY 2026 Earnings Guidance - MarketBeat — MarketBeat positive
Generated 2026-10-29T13:34:03Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHPropertySNFs55%10-K Item 1: 'SNFs/Transitional care (3)| 577| | $| 5,732,460| 48.0| %| $| 170,985| | 54.6| %'
- MEDIUMPropertySenior housing30%10-K Item 1: 'Senior housing (4)| 359| | | 3,900,922| 32.7| %| | 95,060| | 30.4| %'
Material Events(8-K, last 90d)
- 2026-05-21Item 5.02MEDIUMCEO C. Taylor Pickett to retire October 1, 2026; succeeded by President Matthew P. Gourmand. CFO Robert O. Stephenson to retire August 1, 2026; succeeded by SVP/Chief Accounting Officer Neal A. Ballew. Both planned retirements with named successors.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $45.64 — A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: SNFs (54.6%). Chart setup: RSI 59 mid-range, Bollinger mid-band. Prior stop was $43.62. Score 6.3/10, moderate confidence.
Analyst target: $46.23 (+1.3% upside). Prior stop was $43.62. Stop-loss: $43.62.
Concentration risk — Property Type: SNFs (54.6%); Analyst target reached - limited upside remaining; Sector modifier (Real Estate): -1.2.
Omega Healthcare Investors, Inc trades at a P/E of 16.3 (forward 22.4). TrendMatrix value score: 4.5/10. Verdict: Sell.
23 analysts cover OHI with a consensus score of 3.4/5. Average price target: $51.
What does Omega Healthcare Investors, Inc do?Omega Healthcare Investors is a healthcare REIT owning 1,027 operating SNFs, assisted living facilities, and other...
Omega Healthcare Investors is a healthcare REIT owning 1,027 operating SNFs, assisted living facilities, and other long-term care properties in 42 states and the U.K., leased under triple-net agreements to 89 operators. SNFs drive 54.6% of revenues; average annualized lease yield is 10.4%; approximately 86% of leases extend beyond 2030.