Omega Healthcare Investors, Inc. (NYSE:OHI) Short Interest Down 15.9% in April

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 13,130,000 shares, a decrease 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 short-interest ratio is currently 5.5 days.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock traded down $0.28 during trading on Tuesday, reaching $35.90. The company's stock had a trading volume of 4,182,144 shares, compared to its average volume of 1,904,187. The stock has a 50-day moving average price of $37.61 and a two-hundred day moving average price of $38.30. The stock has a market capitalization of $10.31 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors has a one year low of $30.48 and a one year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The business 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 business posted $0.68 earnings per share. Omega Healthcare Investors's revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm 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 dividend of $0.67 per share. The ex-dividend date is Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.47%. Omega Healthcare Investors's dividend payout ratio is currently 166.46%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of analyst reports. Truist Financial boosted their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company cut shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its holdings in shares of Omega Healthcare Investors by 69.8% in the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock valued at $5,385,000 after acquiring an additional 58,482 shares in the last quarter. Assetmark Inc. increased its position in shares of Omega Healthcare Investors by 2.9% during the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock worth $46,401,000 after purchasing an additional 34,463 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at approximately $1,250,000. JPMorgan Chase & Co. grew its stake in shares of Omega Healthcare Investors by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 1,995,825 shares of the real estate investment trust's stock valued at $81,230,000 after buying an additional 103,010 shares in the last quarter. Finally, Advisors Capital Management LLC increased its holdings in Omega Healthcare Investors by 4.3% during the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock worth $28,836,000 after buying an additional 31,072 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

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.