Omega Healthcare Investors, Inc. (NYSE:OHI)’s share price was down 4.2% on Friday after Raymond James lowered their price target on the stock from $36.00 to $35.00. Raymond James currently has an outperform rating on the stock. Omega Healthcare Investors traded as low as $27.22 and last traded at $27.22. Approximately 43,057 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 3,143,748 shares. The stock had previously closed at $28.40.
Other equities analysts also recently issued research reports about the stock. Robert W. Baird initiated coverage on shares of Omega Healthcare Investors in a research note on Thursday, October 7th. They set an “outperform” rating and a $36.00 price target for the company. Mizuho lowered their target price on shares of Omega Healthcare Investors from $39.00 to $34.00 in a research note on Thursday, January 20th. Credit Suisse Group initiated coverage on shares of Omega Healthcare Investors in a research note on Tuesday. They set a “neutral” rating and a $31.00 target price for the company. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, January 5th. Finally, TheStreet downgraded shares of Omega Healthcare Investors from a “b-” rating to a “c+” rating in a research note on Friday, November 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and a consensus target price of $37.27.
In related news, Director Kapila K. Anand purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 15th. The stock was purchased at an average cost of $28.32 per share, with a total value of $28,320.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.37% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. LSV Asset Management grew its holdings in shares of Omega Healthcare Investors by 1.5% during the third quarter. LSV Asset Management now owns 3,017,268 shares of the real estate investment trust’s stock valued at $90,397,000 after buying an additional 43,836 shares during the last quarter. Financial Enhancement Group LLC acquired a new position in shares of Omega Healthcare Investors during the third quarter valued at about $30,000. Allianz Asset Management GmbH boosted its holdings in Omega Healthcare Investors by 36.9% during the second quarter. Allianz Asset Management GmbH now owns 110,194 shares of the real estate investment trust’s stock worth $3,999,000 after purchasing an additional 29,708 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Omega Healthcare Investors by 247.3% during the second quarter. AQR Capital Management LLC now owns 384,390 shares of the real estate investment trust’s stock worth $13,950,000 after purchasing an additional 273,716 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Omega Healthcare Investors by 18.2% during the third quarter. State of Alaska Department of Revenue now owns 160,161 shares of the real estate investment trust’s stock worth $4,797,000 after purchasing an additional 24,681 shares during the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.
The firm has a market capitalization of $6.51 billion, a PE ratio of 14.35, a PEG ratio of 6.13 and a beta of 0.99. The firm’s fifty day moving average is $29.46 and its two-hundred day moving average is $31.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.82 and a quick ratio of 3.82.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, February 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.65). Omega Healthcare Investors had a return on equity of 10.70% and a net margin of 41.32%. The firm had revenue of $214.31 million for the quarter, compared to analysts’ expectations of $235.47 million. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Omega Healthcare Investors, Inc. will post 3.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Monday, February 7th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date is Friday, February 4th. Omega Healthcare Investors’s payout ratio is 141.05%.
About Omega Healthcare Investors (NYSE:OHI)
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. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.