Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) shares saw an uptick in trading volume on Tuesday . 39,587 shares traded hands during trading, a decline of 97% from the previous session's volume of 1,459,684 shares.The stock last traded at $31.25 and had previously closed at $31.70.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on OHI. Raymond James lifted their price target on Omega Healthcare Investors from $33.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday, August 3rd. Truist Financial lifted their price objective on Omega Healthcare Investors from $30.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, September 13th. Capital One Financial assumed coverage on Omega Healthcare Investors in a research note on Friday, June 3rd. They issued an "equal weight" rating and a $33.00 price objective on the stock. Jefferies Financial Group lowered Omega Healthcare Investors from a "buy" rating to a "hold" rating and cut their price objective for the stock from $32.00 to $28.00 in a research note on Thursday, June 30th. Finally, Bank of America raised Omega Healthcare Investors from an "underperform" rating to a "buy" rating and boosted their price target for the company from $27.00 to $35.00 in a research note on Friday, August 5th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.40.
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Omega Healthcare Investors Stock Performance
The stock has a market cap of $7.38 billion, a P/E ratio of 16.68 and a beta of 0.97. The company has a fifty day moving average price of $31.94 and a 200 day moving average price of $29.84. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.32 and a quick ratio of 3.32.
Omega Healthcare Investors (NYSE:OHI – Get Rating) last released its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.35). The firm had revenue of $207.54 million for the quarter, compared to the consensus estimate of $220.06 million. Omega Healthcare Investors had a net
margin of 44.01% and a return on equity of 11.00%. The company's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.93 EPS for the current year.
Omega Healthcare Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a dividend of $0.67 per share. The ex-dividend date was Friday, July 29th. This represents a $2.68 annualized dividend and a dividend yield of 8.50%. Omega Healthcare Investors's dividend payout ratio is 141.80%.
Institutional Investors Weigh In On Omega Healthcare Investors
Institutional investors have recently bought and sold shares of the stock. Level Four Advisory Services LLC bought a new stake in Omega Healthcare Investors during the fourth quarter worth $207,000. Crossmark Global Holdings Inc. grew its holdings in Omega Healthcare Investors by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 21,891 shares of the real estate investment trust's stock worth $682,000 after buying an additional 550 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Omega Healthcare Investors by 92.6% during the first quarter. CIBC Asset Management Inc now owns 18,768 shares of the real estate investment trust's stock worth $585,000 after buying an additional 9,025 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Omega Healthcare Investors by 18.0% during the first quarter. Janney Montgomery Scott LLC now owns 67,065 shares of the real estate investment trust's stock worth $2,090,000 after buying an additional 10,247 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in Omega Healthcare Investors during the fourth quarter worth $9,871,000. Institutional investors own 64.10% of the company's stock.
About Omega Healthcare Investors
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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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