TheStreet cut shares of Omega Healthcare Investors Inc. (NYSE:OHI) from a buy rating to a hold rating in a report released on Friday.

Several other research firms have also recently weighed in on OHI. JMP Securities cut Omega Healthcare Investors from an outperform rating to a market perform rating in a research note on Thursday, August 18th. They noted that the move was a valuation call. BTIG Research began coverage on Omega Healthcare Investors in a research note on Thursday, August 25th. They set a neutral rating for the company. Zacks Investment Research upgraded Omega Healthcare Investors from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Tuesday, August 9th. SunTrust Banks Inc. upped their target price on Omega Healthcare Investors from $38.00 to $42.00 and gave the stock a buy rating in a research note on Thursday, August 4th. Finally, Thomas Weisel restated a buy rating and set a $35.85 target price on shares of Omega Healthcare Investors in a research note on Monday, August 1st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Omega Healthcare Investors currently has a consensus rating of Buy and a consensus price target of $36.59.

Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

Shares of Omega Healthcare Investors (NYSE:OHI) opened at 29.61 on Friday. Omega Healthcare Investors has a 52 week low of $26.96 and a 52 week high of $38.09. The firm has a market capitalization of $5.78 billion, a PE ratio of 18.84 and a beta of 0.59. The company’s 50 day moving average price is $30.70 and its 200-day moving average price is $33.50.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $224.60 million for the quarter, compared to analyst estimates of $186.35 million. Omega Healthcare Investors had a return on equity of 7.37% and a net margin of 34.53%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. On average, equities research analysts expect that Omega Healthcare Investors will post $3.38 EPS for the current fiscal 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 issued a dividend of $0.61 per share. This is an increase 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 8.24%. The ex-dividend date of this dividend was Thursday, October 27th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 155.42%.

In other Omega Healthcare Investors news, insider Steven J. Insoft sold 5,500 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $35.91, for a total transaction of $197,505.00. Following the completion of the sale, the insider now directly owns 419,081 shares in the company, valued at approximately $15,049,198.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bernard J. Korman purchased 100,000 shares of the firm’s stock in a transaction on Friday, November 4th. The shares were acquired at an average price of $29.29 per share, with a total value of $2,929,000.00. Following the completion of the acquisition, the director now 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.

Hedge funds have recently modified their holdings of the company. Gradient Investments LLC increased its stake in shares of Omega Healthcare Investors by 11.3% in the second quarter. Gradient Investments LLC now owns 127,104 shares of the real estate investment trust’s stock worth $4,315,000 after buying an additional 12,890 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Omega Healthcare Investors by 3.1% in the second quarter. Capstone Asset Management Co. now owns 14,803 shares of the real estate investment trust’s stock valued at $503,000 after buying an additional 450 shares in the last quarter. Naples Global Advisors LLC increased its stake in shares of Omega Healthcare Investors by 3.5% in the second quarter. Naples Global Advisors LLC now owns 11,845 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 400 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of Omega Healthcare Investors by 2.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 52,620 shares of the real estate investment trust’s stock valued at $1,786,000 after buying an additional 1,275 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Omega Healthcare Investors by 20.2% in the second quarter. Creative Planning now owns 21,012 shares of the real estate investment trust’s stock valued at $713,000 after buying an additional 3,534 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

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.

5 Day Chart for NYSE:OHI

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