Omega Healthcare Investors Target of Unusually Large Options Trading (NYSE:OHI)

Omega Healthcare Investors, Inc. (NYSE:OHI) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 3,072 put options on the stock. This represents an increase of approximately 224% compared to the average volume of 947 put options.

Omega Healthcare Investors Trading Up 0.0 %

NYSE:OHI opened at $36.28 on Wednesday. Omega Healthcare Investors has a 52 week low of $29.66 and a 52 week high of $44.42. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.09 and a beta of 0.75. The company’s 50 day moving average price is $37.12 and its 200-day moving average price is $38.62. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, equities research analysts forecast that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.39%. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, Truist Financial increased their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

Institutional Investors Weigh In On Omega Healthcare Investors

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Omega Healthcare Investors by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock worth $261,589,000 after acquiring an additional 192,465 shares in the last quarter. State Street Corp boosted its position in shares of Omega Healthcare Investors by 0.9% during the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after acquiring an additional 114,085 shares during the last quarter. Teacher Retirement System of Texas increased 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 worth $5,385,000 after buying an additional 58,482 shares during the last quarter. Assetmark Inc. increased its stake in Omega Healthcare Investors by 2.9% during the fourth quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock worth $46,401,000 after acquiring an additional 34,463 shares during the last quarter. Finally, Tallon Kerry Patrick bought a new position in shares of Omega Healthcare Investors during the 4th quarter valued at approximately $1,250,000. 65.25% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

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.