Omega Healthcare Investors (NYSE:OHI) Stock Price Up 3.4% – What’s Next?

Omega Healthcare Investors, Inc. (NYSE:OHI) traded up 3.4% on Thursday . The company traded as high as $39.65 and last traded at $39.18. Approximately 543,126 shares traded hands during trading, a decline of 69% from the average session volume of 1,770,368 shares. The stock had previously closed at $37.88.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OHI shares. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 9th. Truist Financial boosted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Mizuho increased their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Stock Up 3.2 %

The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $37.15 and a 200-day moving average price of $38.75.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. As a group, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were given a $0.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 6.85%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Institutional Investors Weigh In On Omega Healthcare Investors

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Omega Healthcare Investors by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock valued at $1,440,646,000 after acquiring an additional 1,809,519 shares in the last quarter. Cohen & Steers Inc. grew its position in Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock valued at $992,467,000 after purchasing an additional 8,837,218 shares in the last quarter. State Street Corp increased its stake in Omega Healthcare Investors by 0.9% in the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after buying an additional 114,085 shares during the period. Geode Capital Management LLC lifted its position in Omega Healthcare Investors by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust’s stock worth $262,329,000 after buying an additional 503,190 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock valued at $183,205,000 after buying an additional 890,912 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.