Omega Healthcare Investors Inc. (OHI) Trading Down 2%
Omega Healthcare Investors Inc. (NYSE:OHI)’s share price fell 2% during mid-day trading on Tuesday . The stock traded as low as $34.60 and last traded at $34.67, with a volume of 1,387,457 shares changing hands. The stock had previously closed at $35.39.
Several brokerages recently issued reports on OHI. Zacks Investment Research cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Jefferies Group boosted their price target on Omega Healthcare Investors to $38.00 and gave the company a “buy” rating in a research report on Thursday, April 7th. Vetr upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating and set a $34.25 price target on the stock in a research report on Tuesday, April 12th. JMP Securities restated a “buy” rating on shares of Omega Healthcare Investors in a research report on Wednesday, June 29th. Finally, Stifel Nicolaus boosted their price target on Omega Healthcare Investors from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, May 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Omega Healthcare Investors has a consensus rating of “Buy” and an average target price of $36.14.
The firm has a market cap of $6.51 billion and a P/E ratio of 27.47. The stock has a 50-day moving average of $33.56 and a 200-day moving average of $33.13.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $179.40 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 59.6% compared to the same quarter last year. On average, equities analysts forecast that Omega Healthcare Investors Inc. will post $3.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $2.40 annualized dividend and a dividend yield of 6.94%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.58.
In other Omega Healthcare Investors news, Director Thomas F. Franke bought 6,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $31.01 per share, with a total value of $186,060.00. Following the completion of the purchase, the director now directly owns 82,135 shares in the company, valued at approximately $2,547,006.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds have bought and sold shares of OHI. Utah Retirement Systems boosted its stake in Omega Healthcare Investors by 0.8% in the fourth quarter. Utah Retirement Systems now owns 37,696 shares of the real estate investment trust’s stock worth $1,318,000 after buying an additional 300 shares during the last quarter. KBC Group NV boosted its stake in Omega Healthcare Investors by 0.4% in the fourth quarter. KBC Group NV now owns 29,341 shares of the real estate investment trust’s stock worth $1,026,000 after buying an additional 119 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Omega Healthcare Investors by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,090,141 shares of the real estate investment trust’s stock worth $73,114,000 after buying an additional 65,903 shares during the last quarter. Stephens Inc. AR boosted its stake in Omega Healthcare Investors by 2.0% in the fourth quarter. Stephens Inc. AR now owns 107,722 shares of the real estate investment trust’s stock worth $3,768,000 after buying an additional 2,061 shares during the last quarter. Finally, Meridian Investment Counsel Inc. boosted its stake in Omega Healthcare Investors by 116.7% in the fourth quarter. Meridian Investment Counsel Inc. now owns 42,282 shares of the real estate investment trust’s stock worth $1,479,000 after buying an additional 22,768 shares during the last quarter.
Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout 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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