SunTrust Banks set a $26.00 target price on Omega Healthcare Investors (NYSE:OHI) in a research report released on Wednesday, February 14th. The firm currently has a hold rating on the real estate investment trust’s stock.
OHI has been the topic of several other reports. Hilliard Lyons lowered Omega Healthcare Investors to a buy rating in a research note on Wednesday, November 1st. Capital One Financial reaffirmed an equal weight rating on shares of Omega Healthcare Investors in a research report on Sunday, October 22nd. ValuEngine raised shares of Omega Healthcare Investors from a hold rating to a buy rating in a research report on Friday, December 15th. Vetr downgraded shares of Omega Healthcare Investors from a buy rating to a hold rating and set a $32.96 price objective for the company. in a research report on Monday, October 30th. Finally, Cantor Fitzgerald reissued a buy rating and set a $34.00 target price on shares of Omega Healthcare Investors in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $31.37.
Omega Healthcare Investors (NYSE:OHI) traded up $0.40 on Wednesday, hitting $26.17. 2,743,097 shares of the company were exchanged, compared to its average volume of 2,930,000. The company has a quick ratio of 3.40, a current ratio of 3.55 and a debt-to-equity ratio of 1.18. Omega Healthcare Investors has a 12 month low of $24.90 and a 12 month high of $35.14. The firm has a market cap of $5,180.00, a price-to-earnings ratio of 56.89, a PEG ratio of 2.97 and a beta of 0.41.
Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.18). Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%. The business had revenue of $221.21 million during the quarter, compared to analyst estimates of $219.07 million. sell-side analysts predict that Omega Healthcare Investors will post 2.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.66 dividend. The ex-dividend date was Tuesday, January 30th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a yield of 10.09%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 573.91%.
In other Omega Healthcare Investors news, Director Bernard J. Korman acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average cost of $26.89 per share, with a total value of $2,689,000.00. Following the acquisition, the director now owns 896,895 shares in the company, valued at $24,117,506.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.54% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its position in shares of Omega Healthcare Investors by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 89,756 shares of the real estate investment trust’s stock worth $2,964,000 after purchasing an additional 1,493 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Omega Healthcare Investors by 10.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 19,520 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 1,800 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Omega Healthcare Investors by 0.8% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 238,119 shares of the real estate investment trust’s stock valued at $7,598,000 after buying an additional 1,880 shares during the period. Barry Investment Advisors LLC raised its holdings in shares of Omega Healthcare Investors by 0.6% during the 3rd quarter. Barry Investment Advisors LLC now owns 343,451 shares of the real estate investment trust’s stock valued at $10,960,000 after buying an additional 1,915 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Omega Healthcare Investors by 4.5% during the 3rd quarter. IFP Advisors Inc now owns 44,773 shares of the real estate investment trust’s stock valued at $1,429,000 after buying an additional 1,937 shares during the period. 71.90% of the stock is owned by institutional investors.
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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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