Omega Healthcare Investors (NYSE:OHI) Shares Gap Down - Should You Sell?

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) gapped down prior to trading 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 changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OHI shares. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, Truist Financial increased their price objective 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $42.00.

Omega Healthcare Investors Price Performance

The stock has a fifty day moving average price of $37.57 and a 200-day moving average price of $38.26. The company has a market cap of $10.15 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released 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 firm had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the prior year, the business earned $0.68 EPS. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business 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 7.58%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter worth $26,000. NBC Securities Inc. acquired a new position in Omega Healthcare Investors during the 1st quarter worth $29,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors during the fourth quarter valued at about $30,000. Kentucky Trust Co acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at about $38,000. Finally, UMB Bank n.a. increased its stake in shares of Omega Healthcare Investors by 68.6% in the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 454 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.