Omega Healthcare Investors, Inc. (NYSE:OHI) has received an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.83.
A number of research analysts have recently issued reports on OHI shares. BidaskClub upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, April 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price objective on shares of Omega Healthcare Investors in a research report on Friday, May 12th. Finally, Vetr downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating and set a $32.50 price objective on the stock. in a research report on Monday, April 17th.
In other news, Director Craig R. Callen bought 15,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $31.40 per share, with a total value of $471,000.00. Following the completion of the transaction, the director now directly owns 18,000 shares in the company, valued at approximately $565,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert O. Stephenson sold 23,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $34.58, for a total transaction of $795,340.00. Following the completion of the transaction, the chief financial officer now directly owns 68,978 shares in the company, valued at $2,385,259.24. The disclosure for this sale can be found here. Insiders own 4.54% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Omega Healthcare Investors by 33.8% in the first quarter. Bank of Montreal Can now owns 119,848 shares of the real estate investment trust’s stock valued at $3,954,000 after buying an additional 30,298 shares in the last quarter. Highland Capital Management LLC boosted its stake in Omega Healthcare Investors by 9.1% in the first quarter. Highland Capital Management LLC now owns 218,038 shares of the real estate investment trust’s stock valued at $7,193,000 after buying an additional 18,240 shares in the last quarter. Creative Planning boosted its stake in Omega Healthcare Investors by 5.9% in the first quarter. Creative Planning now owns 24,861 shares of the real estate investment trust’s stock valued at $820,000 after buying an additional 1,387 shares in the last quarter. Weaver C. Barksdale & Associates Inc. boosted its stake in Omega Healthcare Investors by 70.3% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 29,283 shares of the real estate investment trust’s stock valued at $966,000 after buying an additional 12,084 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Omega Healthcare Investors by 2.2% in the fourth quarter. Macquarie Group Ltd. now owns 54,630 shares of the real estate investment trust’s stock valued at $1,707,000 after buying an additional 1,150 shares in the last quarter. 73.62% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Omega Healthcare Investors (NYSE OHI) traded up 0.22% during midday trading on Friday, hitting $31.22. The stock had a trading volume of 1,734,249 shares. Omega Healthcare Investors has a 52-week low of $28.11 and a 52-week high of $38.09. The firm has a 50 day moving average price of $32.92 and a 200-day moving average price of $32.62. The stock has a market cap of $6.16 billion, a PE ratio of 16.47 and a beta of 0.50.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.16. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The company had revenue of $194 million for the quarter, compared to the consensus estimate of $194.59 million. During the same quarter last year, the company earned $0.87 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Equities analysts predict that Omega Healthcare Investors will post $1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.64 per share. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.56 annualized dividend and a yield of 8.20%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 135.45%.
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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