Omega Healthcare Investors (NYSE:OHI) Shares Up 3.4% – Should You Buy?

Omega Healthcare Investors, Inc. (NYSE:OHI) shares were up 3.4% on Thursday . The stock traded as high as $39.65 and last traded at $39.18. Approximately 543,126 shares were traded during trading, a decline of 69% from the average daily volume of 1,770,368 shares. The stock had previously closed at $37.88.

Wall Street Analyst Weigh In

OHI has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and an average target price of $42.00.

Omega Healthcare Investors Stock Down 3.3 %

The stock’s 50 day simple moving average is $37.18 and its two-hundred day simple moving average is $38.73. The firm has a market cap of $10.53 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data 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, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.17%. Omega Healthcare Investors’s dividend payout ratio is currently 172.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in Omega Healthcare Investors by 352.0% in the 1st quarter. Versant Capital Management Inc now owns 7,146 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 5,565 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Omega Healthcare Investors by 16.6% in the fourth quarter. Wellington Management Group LLP now owns 340,073 shares of the real estate investment trust’s stock worth $12,872,000 after purchasing an additional 48,391 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Omega Healthcare Investors by 3.5% during the fourth quarter. California State Teachers Retirement System now owns 242,138 shares of the real estate investment trust’s stock valued at $9,165,000 after purchasing an additional 8,294 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Omega Healthcare Investors by 994.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 554,286 shares of the real estate investment trust’s stock valued at $20,980,000 after buying an additional 503,636 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in Omega Healthcare Investors in the 4th quarter worth about $61,000. Institutional investors own 65.25% of the company’s stock.

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.