Omega Healthcare Investors Inc. (NYSE:OHI) has earned an average recommendation of “Buy” from the ten analysts that are presently covering the company. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $36.95.

Several research firms have recently commented on OHI. JMP Securities downgraded 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 issued a “neutral” rating on the stock. Zacks Investment Research raised Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, August 9th. TheStreet raised Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Finally, SunTrust Banks Inc. raised their price objective 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.

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In other news, Director Bernard J. Korman purchased 100,000 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $29.29 per share, for a total transaction of $2,929,000.00. Following the acquisition, the director now directly owns 774,685 shares of the company’s stock, valued at approximately $22,690,523.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Taylor Pickett purchased 21,800 shares of the business’s stock in a transaction on Friday, November 4th. The shares were purchased at an average price of $29.26 per share, with a total value of $637,868.00. Following the acquisition, the chief executive officer now directly owns 276,261 shares in the company, valued at $8,083,396.86. The disclosure for this purchase can be found here. Company insiders own 4.54% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd purchased a new position in Omega Healthcare Investors during the second quarter valued at $102,000. Evercore Wealth Management LLC boosted its position in Omega Healthcare Investors by 27.7% in the second quarter. Evercore Wealth Management LLC now owns 3,005 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 651 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Omega Healthcare Investors by 1.3% in the second quarter. Checchi Capital Advisers LLC now owns 3,059 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 39 shares in the last quarter. Advisory Services Network LLC boosted its position in Omega Healthcare Investors by 117.9% in the second quarter. Advisory Services Network LLC now owns 3,269 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,769 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its position in Omega Healthcare Investors by 5.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,600 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Shares of Omega Healthcare Investors (NYSE:OHI) opened at 29.46 on Monday. The company has a market cap of $5.75 billion, a P/E ratio of 18.74 and a beta of 0.59. The company has a 50-day moving average price of $30.67 and a 200-day moving average price of $33.47. Omega Healthcare Investors has a 52-week low of $26.96 and a 52-week high of $38.09.

Omega Healthcare Investors (NYSE:OHI) last posted its 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 period in the prior year, the company posted $0.79 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Omega Healthcare Investors will post $3.38 EPS for the current year.

The company 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 represents a $2.44 annualized dividend and a yield of 8.28%. The ex-dividend date was Thursday, October 27th. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.60. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 155.42%.

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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