Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $42.00

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have earned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.00.

A number of brokerages have issued reports on OHI. Royal Bank Of Canada upped their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Wells Fargo & Company raised shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $41.00 in a report on Monday, July 14th.

Insider Transactions at Omega Healthcare Investors

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the sale, the director directly owned 18,654 shares of the company’s stock, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Omega Healthcare Investors

Hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC boosted its holdings in Omega Healthcare Investors by 20.4% during the first quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust’s stock worth $2,695,000 after buying an additional 11,970 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in Omega Healthcare Investors by 4.3% during the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust’s stock worth $28,836,000 after buying an additional 31,072 shares in the last quarter. Columbus Macro LLC purchased a new stake in Omega Healthcare Investors during the first quarter worth $6,353,000. GAMMA Investing LLC boosted its holdings in Omega Healthcare Investors by 4,248.2% during the first quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust’s stock worth $6,630,000 after buying an additional 170,098 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Omega Healthcare Investors by 2,777.6% during the fourth quarter. Two Sigma Advisers LP now owns 333,800 shares of the real estate investment trust’s stock worth $12,634,000 after buying an additional 322,200 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Down 0.1%

Shares of Omega Healthcare Investors stock opened at $40.41 on Monday. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. Omega Healthcare Investors has a 12-month low of $35.04 and a 12-month high of $44.42. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.80 and a beta of 0.66. The firm’s 50 day simple moving average is $37.89 and its two-hundred day simple moving average is $37.41.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. During the same quarter in the prior year, the business posted $0.71 EPS. Omega Healthcare Investors’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, August 4th. Omega Healthcare Investors’s dividend payout ratio is 165.43%.

About Omega Healthcare Investors

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.