TheStreet upgraded shares of Omega Healthcare Investors (NYSE:OHI) from a c rating to a b- rating in a research note released on Thursday morning.

Several other analysts have also recently commented on the company. Stifel Nicolaus raised their price target on Omega Healthcare Investors from $27.00 to $30.00 and gave the company a hold rating in a report on Tuesday, August 7th. Zacks Investment Research cut Omega Healthcare Investors from a hold rating to a sell rating in a report on Wednesday, July 18th. MED started coverage on Omega Healthcare Investors in a report on Tuesday, October 2nd. They issued a neutral rating and a $31.00 price target for the company. They noted that the move was a valuation call. ValuEngine raised Omega Healthcare Investors from a sell rating to a hold rating in a report on Monday, August 13th. Finally, Mitsubishi UFJ Financial Group reissued a neutral rating on shares of Omega Healthcare Investors in a report on Tuesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $31.17.

Shares of OHI traded down $0.06 during mid-day trading on Thursday, hitting $35.18. The company’s stock had a trading volume of 1,428,982 shares, compared to its average volume of 2,107,648. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.17 and a quick ratio of 4.03. The stock has a market capitalization of $7.04 billion, a P/E ratio of 10.66, a P/E/G ratio of 5.93 and a beta of 0.13. Omega Healthcare Investors has a 1-year low of $24.90 and a 1-year high of $35.38.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.46). The business had revenue of $192.30 million during the quarter, compared to analyst estimates of $194.40 million. Omega Healthcare Investors had a net margin of 31.91% and a return on equity of 7.32%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. Research analysts anticipate that Omega Healthcare Investors will post 2.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, October 30th. This represents a $2.64 annualized dividend and a yield of 7.50%. Omega Healthcare Investors’s dividend payout ratio is presently 80.00%.

A number of hedge funds have recently modified their holdings of OHI. Daiwa Securities Group Inc. raised its holdings in Omega Healthcare Investors by 43.9% during the second quarter. Daiwa Securities Group Inc. now owns 5,032,761 shares of the real estate investment trust’s stock worth $156,015,000 after purchasing an additional 1,536,523 shares during the last quarter. Scout Investments Inc. raised its holdings in Omega Healthcare Investors by 355.2% during the second quarter. Scout Investments Inc. now owns 1,130,335 shares of the real estate investment trust’s stock worth $35,040,000 after purchasing an additional 882,039 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in Omega Healthcare Investors by 3,000.0% during the second quarter. Cornerstone Wealth Management LLC now owns 909,261 shares of the real estate investment trust’s stock worth $29,331,000 after purchasing an additional 879,930 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in Omega Healthcare Investors by 2,344.6% during the second quarter. First Republic Investment Management Inc. now owns 881,585 shares of the real estate investment trust’s stock worth $27,329,000 after purchasing an additional 845,523 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Omega Healthcare Investors by 14.9% during the second quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock worth $176,373,000 after purchasing an additional 736,393 shares during the last quarter. 72.54% of the stock is owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.

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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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