StockNews.com Downgrades Omega Healthcare Investors (NYSE:OHI) to Sell

StockNews.com lowered shares of Omega Healthcare Investors (NYSE:OHI – Get Rating) from a hold rating to a sell rating in a report issued on Wednesday.

Other equities analysts have also recently issued reports about the company. Robert W. Baird cut their price target on Omega Healthcare Investors from $32.00 to $29.00 in a report on Friday, January 13th. Credit Suisse Group lowered Omega Healthcare Investors from a neutral rating to an underperform rating and set a $25.00 target price for the company. in a research report on Monday, January 9th. Citigroup decreased their price objective on Omega Healthcare Investors from $30.00 to $28.00 and set a neutral rating for the company in a report on Wednesday, February 22nd. Finally, Raymond James decreased their price objective on Omega Healthcare Investors from $35.00 to $33.00 and set an outperform rating for the company in a report on Wednesday, February 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $30.22.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $27.04 on Wednesday. The business’s 50-day moving average price is $28.03 and its two-hundred day moving average price is $29.51. Omega Healthcare Investors has a 12-month low of $24.81 and a 12-month high of $33.71. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.39. The stock has a market cap of $6.33 billion, a PE ratio of 15.11 and a beta of 1.00.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Monday, February 6th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 9.91%. The ex-dividend date was Friday, February 3rd. Omega Healthcare Investors’s dividend payout ratio (DPR) is 149.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Omega Healthcare Investors by 3.9% during the third quarter. BlackRock Inc. now owns 27,590,673 shares of the real estate investment trust’s stock valued at $813,650,000 after purchasing an additional 1,024,759 shares in the last quarter. State Street Corp lifted its holdings in shares of Omega Healthcare Investors by 14.8% during the first quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock valued at $414,443,000 after purchasing an additional 1,715,004 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Omega Healthcare Investors by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 4,226,475 shares of the real estate investment trust’s stock valued at $118,129,000 after acquiring an additional 160,524 shares during the period. Edmp Inc. lifted its holdings in Omega Healthcare Investors by 2,534.9% in the fourth quarter. Edmp Inc. now owns 3,800,453 shares of the real estate investment trust’s stock valued at $135,973,000 after acquiring an additional 3,656,216 shares during the period. Finally, LSV Asset Management lifted its holdings in Omega Healthcare Investors by 7.5% in the fourth quarter. LSV Asset Management now owns 3,003,236 shares of the real estate investment trust’s stock valued at $83,940,000 after acquiring an additional 208,400 shares during the period. 63.58% of the stock is owned by institutional investors.

About Omega Healthcare Investors

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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.