Omega Healthcare Investors (NYSE:OHI) Trading Up 6.5% – Here’s What Happened

Omega Healthcare Investors, Inc. (NYSE:OHI)’s stock price traded up 6.5% during trading on Thursday . The stock traded as high as $45.66 and last traded at $45.74. 1,428,779 shares traded hands during trading, a decline of 28% from the average session volume of 1,976,764 shares. The stock had previously closed at $42.96.

Analyst Ratings Changes

A number of research firms have recently issued reports on OHI. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $45.00 in a report on Thursday, January 29th. Scotiabank increased their price target on shares of Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $45.00 price objective on shares of Omega Healthcare Investors in a report on Monday, December 15th. The Goldman Sachs Group started coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Royal Bank Of Canada boosted their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and an average price target of $46.82.

Omega Healthcare Investors Price Performance

The firm has a market cap of $13.55 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.38 and a beta of 0.57. The firm’s fifty day simple moving average is $44.43 and its 200 day simple moving average is $42.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 7.11 and a current ratio of 7.11.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.8%. Omega Healthcare Investors’s dividend payout ratio is currently 149.72%.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC boosted its stake in shares of Omega Healthcare Investors by 2.3% during the fourth quarter. Bogart Wealth LLC now owns 10,461 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 237 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Omega Healthcare Investors by 1.3% during the third quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock valued at $796,000 after acquiring an additional 239 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Omega Healthcare Investors by 3.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 262 shares in the last quarter. Inscription Capital LLC increased its position in shares of Omega Healthcare Investors by 0.9% in the 4th quarter. Inscription Capital LLC now owns 29,814 shares of the real estate investment trust’s stock valued at $1,322,000 after acquiring an additional 268 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 268 shares during the period. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.