Omega Healthcare Investors (NYSE:OHI) Shares Up 3.1% – Here’s What Happened

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) traded up 3.1% on Wednesday . The stock traded as high as $38.15 and last traded at $38.04. 646,818 shares changed hands during trading, a decline of 53% from the average session volume of 1,363,152 shares. The stock had previously closed at $36.89.

Wall Street Analysts Forecast Growth

OHI has been the topic of several research reports. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 9th. Wells Fargo & Company reissued an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Royal Bank of Canada lifted their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Mizuho increased their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Berenberg Bank started coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and a consensus price target of $40.18.

Omega Healthcare Investors Stock Down 2.6 %

The firm has a 50-day moving average of $39.16 and a two-hundred day moving average of $38.66. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 197.06%.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds have recently modified their holdings of the stock. State Street Corp grew its position in Omega Healthcare Investors by 0.9% in the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock worth $502,228,000 after acquiring an additional 114,085 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after purchasing an additional 192,465 shares during the last quarter. FMR LLC boosted its holdings in Omega Healthcare Investors by 9.9% in the third quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock worth $171,625,000 after purchasing an additional 380,626 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Omega Healthcare Investors by 317.7% during the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock worth $160,739,000 after buying an additional 3,003,845 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Omega Healthcare Investors by 6.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust’s stock valued at $155,893,000 after buying an additional 240,006 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Company Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.