Omega Healthcare Investors, Inc. (NYSE:OHI) Short Interest Update

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 13,130,000 shares, a decline of 15.9% from the March 31st total of 15,620,000 shares. Approximately 4.7% of the company's stock are sold short. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is presently 5.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. raised its stake in shares of Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after acquiring an additional 8,837,218 shares during the last quarter. Norges Bank bought a new position in Omega Healthcare Investors during the 4th quarter worth $110,160,000. Vanguard Group Inc. grew its position in shares of Omega Healthcare Investors by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock valued at $1,440,646,000 after buying an additional 1,809,519 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Omega Healthcare Investors by 49.4% in the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after acquiring an additional 1,083,326 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Omega Healthcare Investors by 22.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded up $0.15 during midday trading on Thursday, reaching $35.81. The company's stock had a trading volume of 2,326,274 shares, compared to its average volume of 1,916,598. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company has a market cap of $10.28 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.09 and a beta of 0.73. The business's 50 day moving average price is $37.57 and its two-hundred day moving average price is $38.26. Omega Healthcare Investors has a fifty-two week low of $30.48 and a fifty-two week high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same period in the prior year, the firm posted $0.68 EPS. Omega Healthcare Investors's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts forecast that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date is Monday, May 5th. Omega Healthcare Investors's payout ratio is 166.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OHI shares. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial upped their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of "Hold" and a consensus target price of $42.00.

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.