Omega Healthcare Investors (NYSE:OHI) Trading 3.1% Higher – Time to Buy?

Omega Healthcare Investors, Inc. (NYSE:OHI)’s share price rose 3.1% on Wednesday . The company traded as high as $38.15 and last traded at $38.04. Approximately 646,818 shares traded hands during trading, a decline of 53% from the average daily volume of 1,363,152 shares. The stock had previously closed at $36.89.

Analysts Set New Price Targets

A number of equities research analysts have commented on OHI shares. BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research report on Thursday, October 31st. Mizuho upped their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Royal Bank of Canada raised their price objective on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Finally, Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They set a “buy” rating and a $45.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.18.

Omega Healthcare Investors Trading Up 2.0 %

The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The stock has a fifty day moving average of $39.44 and a 200 day moving average of $38.65. The company has a market capitalization of $10.16 billion, a PE ratio of 27.66, a PEG ratio of 1.22 and a beta of 0.99.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 annualized dividend and a yield of 7.12%. Omega Healthcare Investors’s payout ratio is 197.06%.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its holdings in shares of Omega Healthcare Investors by 317.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock worth $160,739,000 after purchasing an additional 3,003,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Omega Healthcare Investors by 328.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,661,964 shares of the real estate investment trust’s stock valued at $67,642,000 after acquiring an additional 1,274,238 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at $20,962,000. FMR LLC lifted its holdings in shares of Omega Healthcare Investors by 9.9% in the 3rd quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock worth $171,625,000 after acquiring an additional 380,626 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Omega Healthcare Investors by 441.4% during the 3rd quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock worth $17,177,000 after purchasing an additional 350,570 shares during the period. 65.25% of the stock is owned by institutional investors.

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.