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

Omega Healthcare Investors, Inc. (NYSE:OHI) shares 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OHI. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial boosted their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Trading Down 3.7 %

The stock’s 50-day simple moving average is $37.62 and its two-hundred day simple moving average is $38.35. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The firm has a market capitalization of $10.66 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. During the same quarter in the prior year, the firm posted $0.68 EPS. Omega Healthcare Investors’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.67 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.22%. Omega Healthcare Investors’s payout ratio is 172.90%.

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors and hedge funds have recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors during the fourth quarter valued at $26,000. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors during the first quarter valued at about $29,000. Grove Bank & Trust bought a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $30,000. Kentucky Trust Co purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $38,000. Finally, UMB Bank n.a. boosted its stake in Omega Healthcare Investors by 68.6% during the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 454 shares during the last quarter. Institutional investors 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.