Omega Healthcare Investors (NYSE:OHI) Shares Gap Down - What's Next?

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $38.56, but opened at $37.47. Omega Healthcare Investors shares last traded at $37.47, with a volume of 687,570 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial upped their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company 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 lowered their price target for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $42.00.

Omega Healthcare Investors Stock Down 0.6 %

The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.25 billion, a PE ratio of 23.01, a PEG ratio of 1.09 and a beta of 0.73. The company's fifty day moving average is $37.59 and its 200-day moving average is $38.28.

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

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 7.51%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Institutional Trading of Omega Healthcare Investors

Several large investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at $220,000. Franklin Resources Inc. grew its holdings in Omega Healthcare Investors by 441.4% during the third quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust's stock valued at $17,177,000 after purchasing an additional 350,570 shares during the period. GAMMA Investing LLC increased its position in Omega Healthcare Investors by 14.4% in the fourth quarter. GAMMA Investing LLC now owns 4,004 shares of the real estate investment trust's stock worth $152,000 after buying an additional 504 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth about $329,000. Finally, Diversified Trust Co purchased a new position in shares of Omega Healthcare Investors during the 4th quarter valued at about $248,000. 65.25% of the stock is currently owned by institutional investors.

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.