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

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

A number of other research firms have also issued reports on OHI. Mizuho raised 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 report on Thursday, December 5th. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 target price for the company. Royal Bank of Canada boosted 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 Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Thursday, October 31st. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $37.94 on Friday. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.11 and a beta of 0.99. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 6.48. The stock’s fifty day moving average price is $38.06 and its 200 day moving average price is $39.06. Omega Healthcare Investors has a 1 year low of $29.17 and a 1 year high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be given 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 dividend payout ratio (DPR) is currently 172.90%.

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors have recently modified their holdings of the business. HighTower Advisors LLC raised its holdings in Omega Healthcare Investors by 21.1% in the 4th quarter. HighTower Advisors LLC now owns 64,860 shares of the real estate investment trust’s stock worth $2,455,000 after purchasing an additional 11,286 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $1,104,000. GC Wealth Management RIA LLC lifted its position in shares of Omega Healthcare Investors by 84.0% during the 4th quarter. GC Wealth Management RIA LLC now owns 11,489 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 5,244 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Omega Healthcare Investors by 2.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 295 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Omega Healthcare Investors by 22.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock valued at $183,205,000 after acquiring an additional 890,912 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.