Omega Healthcare Investors (NYSE:OHI) Receives Market Perform Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Omega Healthcare Investors (NYSE:OHI) in a research note issued to investors on Friday morning,Benzinga reports.

OHI has been the topic of a number of other reports. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 target price on the stock. BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Thursday, October 31st. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 9th. Royal Bank of Canada increased their price target on 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. Finally, Mizuho lifted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $37.94 on Friday. The stock has a 50 day moving average price of $38.06 and a 200 day moving average price of $39.06. Omega Healthcare Investors has a 52-week low of $29.17 and a 52-week high of $44.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07. The firm has a market capitalization of $10.24 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.11 and a beta of 0.99.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.06%. The ex-dividend date is Monday, February 10th. Omega Healthcare Investors’s payout ratio is 172.90%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OHI. UMB Bank n.a. grew its holdings in Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 516 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter worth $26,000. Dunhill Financial LLC purchased a new position in Omega Healthcare Investors during the 3rd quarter worth $31,000. True Wealth Design LLC acquired a new position in Omega Healthcare Investors during the 3rd quarter valued at about $31,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in Omega Healthcare Investors in the third quarter valued at about $33,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

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.