Omega Healthcare Investors Inc. (OHI) Cut to Hold at TheStreet
A number of other analysts have also recently weighed in on OHI. Thomas Weisel restated a buy rating and issued a $35.85 price target on shares of Omega Healthcare Investors in a report on Monday, August 1st. Vetr upgraded shares of Omega Healthcare Investors from a hold rating to a buy rating and set a $35.84 price target on the stock in a report on Tuesday, August 2nd. Zacks Investment Research cut shares of Omega Healthcare Investors from a buy rating to a hold rating in a report on Thursday, August 4th. SunTrust Banks Inc. raised their price target on shares of Omega Healthcare Investors from $38.00 to $42.00 and gave the company a buy rating in a report on Thursday, August 4th. Finally, JMP Securities lowered shares of Omega Healthcare Investors from an outperform rating to a market perform rating in a research report on Thursday, August 18th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Omega Healthcare Investors has an average rating of Buy and a consensus price target of $36.59.
Omega Healthcare Investors (NYSE:OHI) opened at 29.46 on Friday. The firm has a 50 day moving average of $30.67 and a 200-day moving average of $33.47. Omega Healthcare Investors has a 52-week low of $26.96 and a 52-week high of $38.09. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 18.74 and a beta of 0.59.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by $0.04. Omega Healthcare Investors had a net margin of 34.53% and a return on equity of 7.37%. The firm earned $224.60 million during the quarter, compared to the consensus estimate of $186.35 million. During the same quarter in the prior year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts expect that Omega Healthcare Investors will post $3.38 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, October 27th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.60. This represents a $2.44 dividend on an annualized basis and a yield of 8.28%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 155.42%.
In other Omega Healthcare Investors news, CEO C Taylor Pickett purchased 21,800 shares of Omega Healthcare Investors stock in a transaction on Friday, November 4th. The stock was bought at an average cost of $29.26 per share, with a total value of $637,868.00. Following the transaction, the chief executive officer now owns 276,261 shares of the company’s stock, valued at approximately $8,083,396.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bernard J. Korman purchased 100,000 shares of Omega Healthcare Investors stock in a transaction on Friday, November 4th. The shares were acquired at an average cost of $29.29 per share, with a total value of $2,929,000.00. Following the completion of the transaction, the director now directly owns 774,685 shares in the company, valued at approximately $22,690,523.65. The disclosure for this purchase can be found here. Company insiders own 4.54% of the company’s stock.
A number of institutional investors have recently bought and sold shares of OHI. Brookfield Asset Management Inc. acquired a new position in Omega Healthcare Investors during the third quarter worth about $98,293,000. D.A. Davidson & CO. raised its position in Omega Healthcare Investors by 266.0% in the third quarter. D.A. Davidson & CO. now owns 14,268 shares of the real estate investment trust’s stock valued at $505,000 after buying an additional 10,370 shares during the period. Brinker Capital Inc. purchased a new position in Omega Healthcare Investors during the third quarter valued at $246,000. Scout Investments Inc. purchased a new position in Omega Healthcare Investors during the third quarter valued at $13,673,000. Finally, Delphi Management Inc. MA purchased a new position in Omega Healthcare Investors during the third quarter valued at $1,791,000. 82.81% of the stock is owned by institutional investors.
About Omega Healthcare Investors
Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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