Today, Omega Healthcare Investors Inc. (OHI) Decreased to “Hold” at TheStreet

Today, Omega Healthcare Investors Inc. (OHI) Decreased to “Hold” at TheStreet

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

OHI has been the subject of several other reports. Zacks Investment Research downgraded Omega Healthcare Investors from a buy rating to a hold rating in a research note on Wednesday, November 2nd. BTIG Research initiated coverage on Omega Healthcare Investors in a research note on Thursday, August 25th. They set a neutral rating for the company. Jefferies Group reaffirmed a buy rating and set a $40.00 target price on shares of Omega Healthcare Investors in a research note on Sunday, October 23rd. Vetr raised Omega Healthcare Investors from a hold rating to a buy rating and set a $35.84 target price for the company in a research note on Tuesday, August 2nd. Finally, 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. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Omega Healthcare Investors presently has a consensus rating of Buy and a consensus price target of $36.59.

Omega Healthcare Investors (NYSE:OHI) traded up 0.66% on Friday, reaching $29.11. 1,847,431 shares of the company’s stock traded hands. Omega Healthcare Investors has a 52 week low of $26.96 and a 52 week high of $38.09. The firm has a 50-day moving average price of $30.78 and a 200-day moving average price of $33.50. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 18.52 and a beta of 0.59.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Monday, October 31st. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The business 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 previous year, the company earned $0.79 earnings per share. On average, analysts predict that Omega Healthcare Investors will post $3.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.61 dividend. The ex-dividend date of this dividend was Thursday, October 27th. 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 dividend yield of 8.38%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 155.42%.

In other news, insider Steven J. Insoft sold 5,500 shares of the stock in a transaction on 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 transaction, the insider now directly owns 419,081 shares in the company, valued at approximately $15,049,198.71. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Craig M. Bernfield sold 43,942 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $37.47, for a total value of $1,646,506.74. Following the transaction, the director now owns 859,995 shares of the company’s stock, valued at $32,224,012.65. The disclosure for this sale can be found here. 4.54% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd acquired a new position in Omega Healthcare Investors during the second quarter worth $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 worth $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 worth $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 worth $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 worth $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.

Omega Healthcare Investors Company Profile

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