Omega Healthcare Investors (NYSE:OHI) Shares Up 3.1% - Here's Why

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) shares shot up 3.1% on Wednesday . The stock traded as high as $38.15 and last traded at $38.04. 646,818 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 1,363,152 shares. The stock had previously closed at $36.89.

Analyst Ratings Changes

A number of brokerages have recently commented on OHI. Royal Bank of Canada lifted their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a "sector perform" rating in a report on Monday, November 11th. Mizuho increased their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. BMO Capital Markets raised shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Monday, December 9th. BNP Paribas raised shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors currently has an average rating of "Moderate Buy" and an average price target of $40.18.

Omega Healthcare Investors Stock Up 2.5 %

The business has a 50-day moving average price of $39.34 and a 200-day moving average price of $38.64. The stock has a market cap of $10.21 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a yield of 7.09%. Omega Healthcare Investors's payout ratio is currently 197.06%.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 516 shares during the period. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $31,000. Dunhill Financial LLC acquired a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at approximately $33,000. Finally, V Square Quantitative Management LLC lifted its holdings in Omega Healthcare Investors by 49.5% in the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 323 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Company Profile

Omega is a REIT 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 U.S., as well as in the U.K.