Investors Buy High Volume of Omega Healthcare Investors Put Options (NYSE:OHI)

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 3,072 put options on the stock. This represents an increase of approximately 224% compared to the typical daily volume of 947 put options.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OHI. Vanguard Group Inc. increased its holdings in Omega Healthcare Investors by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock valued at $1,440,646,000 after buying an additional 1,809,519 shares during the period. Cohen & Steers Inc. grew its position in Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after buying an additional 8,837,218 shares during the period. State Street Corp grew its holdings in Omega Healthcare Investors by 0.9% in the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock valued at $502,228,000 after purchasing an additional 114,085 shares during the period. Geode Capital Management LLC increased its stake in shares of Omega Healthcare Investors by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after purchasing an additional 503,190 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock worth $183,205,000 after purchasing an additional 890,912 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OHI shares. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $41.00 to $39.00 in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.00.

Omega Healthcare Investors Stock Up 0.5 %

Shares of NYSE:OHI traded up $0.17 during trading on Friday, reaching $37.84. 2,946,169 shares of the stock traded hands, compared to its average volume of 1,833,084. The stock has a 50-day moving average of $37.15 and a two-hundred day moving average of $38.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. Omega Healthcare Investors has a 52-week low of $29.66 and a 52-week high of $44.42. The stock has a market cap of $10.66 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. As a group, sell-side analysts expect that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 172.90%.

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.