Shares of Omega Healthcare Investors Inc. (NYSE:OHI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $37.25 and last traded at $37.14, with a volume of 2,837,847 shares trading hands. The stock had previously closed at $36.66.

A number of equities analysts have issued reports on the stock. Vetr upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating and set a $34.25 target price for the company in a research report on Tuesday, April 12th. Zacks Investment Research cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Stifel Nicolaus lifted their target price on shares of Omega Healthcare Investors from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. JMP Securities restated a “buy” rating on shares of Omega Healthcare Investors in a research report on Wednesday, June 29th. Finally, Jefferies Group restated a “buy” rating on shares of Omega Healthcare Investors in a research report on Wednesday, July 6th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.96.

The stock has a market capitalization of $7.18 billion and a price-to-earnings ratio of 23.31. The firm’s 50-day moving average price is $34.35 and its 200-day moving average price is $33.27.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.04. During the same quarter in the prior year, the company earned $0.77 EPS. The company earned $228.80 million during the quarter, compared to the consensus estimate of $181.59 million. The business’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts forecast that Omega Healthcare Investors Inc. will post $3.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a $0.60 dividend. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, July 28th. This represents a $2.40 dividend on an annualized basis and a yield of 6.46%.

In related news, Director Thomas F. Franke bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $31.01 per share, for a total transaction of $186,060.00. Following the transaction, the director now directly owns 82,135 shares of the company’s stock, valued at approximately $2,547,006.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

A number of institutional investors recently made changes to their positions in OHI. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Omega Healthcare Investors by 4.2% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 31,035 shares of the real estate investment trust’s stock worth $1,094,000 after buying an additional 1,241 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Omega Healthcare Investors by 117.4% in the fourth quarter. GSA Capital Partners LLP now owns 30,494 shares of the real estate investment trust’s stock worth $1,067,000 after buying an additional 16,469 shares in the last quarter. Morgan Stanley raised its position in shares of Omega Healthcare Investors by 2.5% in the fourth quarter. Morgan Stanley now owns 2,283,301 shares of the real estate investment trust’s stock worth $79,869,000 after buying an additional 55,040 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Omega Healthcare Investors by 2.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 97,478 shares of the real estate investment trust’s stock worth $3,410,000 after buying an additional 2,160 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Omega Healthcare Investors by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,093,067 shares of the real estate investment trust’s stock worth $38,236,000 after buying an additional 7,788 shares in 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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