JMP Securities Reaffirms Market Perform Rating for Omega Healthcare Investors (NYSE:OHI)

JMP Securities reaffirmed their market perform rating on shares of Omega Healthcare Investors (NYSE:OHI) in a research report sent to investors on Friday,Benzinga reports.

Other analysts have also recently issued reports about the company. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 9th. Berenberg Bank initiated coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 price target on the stock. Royal Bank of Canada increased their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, October 31st. Finally, Mizuho upped their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.67.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $37.94 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07. Omega Healthcare Investors has a 1 year low of $29.17 and a 1 year high of $44.42. The firm has a fifty day moving average of $38.00 and a 200-day moving average of $39.09. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. As a group, equities analysts anticipate that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.06%. Omega Healthcare Investors’s payout ratio is currently 172.90%.

Institutional Trading of Omega Healthcare Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in shares of 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 valued at $27,000 after buying an additional 516 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Omega Healthcare Investors in the 4th quarter worth $26,000. Dunhill Financial LLC acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter worth $31,000. True Wealth Design LLC acquired a new stake in shares of Omega Healthcare Investors during the third quarter worth $31,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at $33,000. 65.25% of the stock is owned by institutional investors and hedge funds.

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.