Omega Healthcare Investors (NYSE:OHI) Trading 3.4% Higher - Still a Buy?

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) traded up 3.4% during trading on Thursday . The stock traded as high as $39.65 and last traded at $39.18. 543,126 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,770,368 shares. The stock had previously closed at $37.88.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on OHI shares. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Truist Financial increased their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. BMO Capital Markets raised Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Monday, December 9th. Finally, Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors presently has a consensus rating of "Hold" and a consensus price target of $42.00.

Omega Healthcare Investors Stock Up 0.4 %

The stock has a 50-day simple moving average of $37.15 and a two-hundred day simple moving average of $38.67. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.26 billion, a PE ratio of 23.47, a P/E/G ratio of 1.09 and a beta of 0.75.

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Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.36%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio is presently 172.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Omega Healthcare Investors by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust's stock worth $261,589,000 after acquiring an additional 192,465 shares during the last quarter. State Street Corp raised its holdings in Omega Healthcare Investors by 0.9% during the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock valued at $502,228,000 after buying an additional 114,085 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Omega Healthcare Investors by 69.8% in the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock worth $5,385,000 after buying an additional 58,482 shares during the period. Assetmark Inc. increased its position in Omega Healthcare Investors by 2.9% during the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock valued at $46,401,000 after purchasing an additional 34,463 shares during the period. Finally, Tallon Kerry Patrick purchased a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $1,250,000. 65.25% of the stock is owned by institutional investors.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.