Omega Healthcare Investors Inc (NYSE:OHI) has been given an average rating of “Hold” by the nine research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.97.
Several brokerages recently weighed in on OHI. Bank of America reiterated a “buy” rating and set a $44.50 price target on shares of Omega Healthcare Investors in a research report on Monday, October 14th. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Berenberg Bank assumed coverage on Omega Healthcare Investors in a research report on Thursday, September 12th. They issued a “buy” rating and a $47.00 price objective for the company. Wells Fargo & Co restated a “hold” rating on shares of Omega Healthcare Investors in a research report on Monday. Finally, Raymond James cut Omega Healthcare Investors from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 21st.
OHI stock traded down $0.77 during trading on Friday, hitting $42.12. 1,368,462 shares of the company traded hands, compared to its average volume of 1,709,455. The stock’s 50-day simple moving average is $42.40 and its 200 day simple moving average is $39.77. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.00 and a quick ratio of 3.00. The company has a market cap of $9.37 billion, a PE ratio of 13.86, a P/E/G ratio of 5.66 and a beta of 0.31. Omega Healthcare Investors has a 1 year low of $33.39 and a 1 year high of $45.01.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.36%. Omega Healthcare Investors’s payout ratio is 88.16%.
In other news, CAO Michael Ritz sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the sale, the chief accounting officer now directly owns 5,485 shares in the company, valued at $230,370. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Omega Healthcare Investors by 6.2% during the second quarter. Arizona State Retirement System now owns 155,698 shares of the real estate investment trust’s stock worth $5,722,000 after buying an additional 9,050 shares during the last quarter. Strs Ohio boosted its stake in Omega Healthcare Investors by 0.9% during the second quarter. Strs Ohio now owns 276,776 shares of the real estate investment trust’s stock worth $10,171,000 after buying an additional 2,460 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Omega Healthcare Investors during the second quarter worth $74,000. Steward Partners Investment Advisory LLC acquired a new position in Omega Healthcare Investors during the second quarter worth $78,000. Finally, Virginia Retirement Systems ET AL boosted its stake in Omega Healthcare Investors by 40.8% during the second quarter. Virginia Retirement Systems ET AL now owns 100,711 shares of the real estate investment trust’s stock worth $3,701,000 after buying an additional 29,200 shares during the last quarter. 75.28% of the stock is currently owned by hedge funds and other institutional investors.
About Omega Healthcare Investors
Omega is a real estate investment trust 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 US, as well as in the UK.
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