Omega Healthcare Investors (NYSE:OHI) Stock Price Up 3.1% – Should You Buy?

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

Wall Street Analyst Weigh In

OHI has been the topic of several research analyst reports. BMO Capital Markets upgraded shares of 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. Wells Fargo & Company restated an “overweight” rating and set a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. BNP Paribas upgraded 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 report on Thursday, October 31st. Royal Bank of Canada lifted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Finally, Berenberg Bank assumed coverage on Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.18.

Omega Healthcare Investors Trading Down 2.6 %

The firm has a fifty day moving average of $39.16 and a 200-day moving average of $38.66. 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 market capitalization of $9.94 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.22 and a beta of 0.99.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a yield of 7.28%. Omega Healthcare Investors’s payout ratio is currently 197.06%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Graypoint LLC boosted its holdings in shares of Omega Healthcare Investors by 1.6% in the 4th quarter. Graypoint LLC now owns 73,312 shares of the real estate investment trust’s stock valued at $2,775,000 after buying an additional 1,152 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Omega Healthcare Investors by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,975 shares of the real estate investment trust’s stock valued at $2,075,000 after acquiring an additional 325 shares during the period. Diversified Trust Co bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth about $248,000. Everence Capital Management Inc. bought a new stake in Omega Healthcare Investors in the 4th quarter valued at about $329,000. Finally, GAMMA Investing LLC grew its position in Omega Healthcare Investors by 14.4% in the 4th quarter. GAMMA Investing LLC now owns 4,004 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 504 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

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.