Omega Healthcare Investors, Inc. (NYSE:OHI) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.83.
OHI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, April 19th. BidaskClub lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Saturday. Vetr lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating and set a $32.50 price objective for the company. in a research report on Monday, April 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $33.00 price target on shares of Omega Healthcare Investors in a research report on Friday, May 12th.
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In other Omega Healthcare Investors news, Director Craig R. Callen purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average price of $31.40 per share, with a total value of $471,000.00. Following the completion of the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $565,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert O. Stephenson sold 23,000 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $34.58, for a total transaction of $795,340.00. Following the completion of the transaction, the chief financial officer now directly owns 68,978 shares of the company’s stock, valued at approximately $2,385,259.24. The disclosure for this sale can be found here. Corporate insiders own 4.54% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Reilly Financial Advisors LLC raised its position in Omega Healthcare Investors by 9.5% in the first quarter. Reilly Financial Advisors LLC now owns 34,125 shares of the real estate investment trust’s stock valued at $1,126,000 after buying an additional 2,970 shares during the period. Howe & Rusling Inc. raised its stake in Omega Healthcare Investors by 19.5% in the first quarter. Howe & Rusling Inc. now owns 232,679 shares of the real estate investment trust’s stock valued at $7,676,000 after buying an additional 37,905 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Omega Healthcare Investors by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 49,700 shares of the real estate investment trust’s stock valued at $1,640,000 after buying an additional 1,400 shares during the last quarter. Tompkins Financial Corp purchased a new stake in Omega Healthcare Investors during the first quarter valued at $165,000. Finally, Prospera Financial Services Inc purchased a new stake in Omega Healthcare Investors during the first quarter valued at $447,000. 73.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Omega Healthcare Investors (NYSE OHI) traded up 0.369% during mid-day trading on Tuesday, reaching $31.265. The company had a trading volume of 384,279 shares. The company’s 50-day moving average price is $33.05 and its 200-day moving average price is $32.65. Omega Healthcare Investors has a 52-week low of $28.11 and a 52-week high of $38.09. The company has a market capitalization of $6.17 billion, a PE ratio of 16.499 and a beta of 0.50.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.16. The company had revenue of $194 million for the quarter, compared to analyst estimates of $194.59 million. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. On average, analysts forecast that Omega Healthcare Investors will post $1.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 8.22%. The ex-dividend date of this dividend is Friday, July 28th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s dividend payout ratio is 135.45%.
About Omega Healthcare Investors
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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