Omega Healthcare Investors, Inc. (NYSE:OHI) Short Interest Update

Omega Healthcare Investors, Inc. (NYSE:OHI) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 8,390,000 shares, a drop of 27.1% from the October 15th total of 11,510,000 shares. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is currently 5.3 days.

Analysts Set New Price Targets

OHI has been the topic of a number of analyst reports. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, October 31st. Royal Bank of Canada upped their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday. BMO Capital Markets boosted their price objective on Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, October 7th. Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Finally, Berenberg Bank assumed coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.00.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded down $0.32 during mid-day trading on Thursday, hitting $39.74. 2,027,066 shares of the company traded hands, compared to its average volume of 1,678,358. Omega Healthcare Investors has a one year low of $27.53 and a one year high of $44.42. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. The stock has a fifty day moving average price of $40.66 and a 200-day moving average price of $36.57. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date is Monday, November 4th. Omega Healthcare Investors’s payout ratio is presently 197.06%.

Insiders Place Their Bets

In other news, CFO Robert O. Stephenson sold 22,542 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the sale, the chief financial officer now directly owns 183,076 shares in the company, valued at approximately $7,357,824.44. This trade represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Daniel J. Booth sold 56,725 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $4,025,000. This represents a 36.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in Omega Healthcare Investors by 93.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,803 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 2,324 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Omega Healthcare Investors by 3.4% in the 1st quarter. Sei Investments Co. now owns 119,138 shares of the real estate investment trust’s stock worth $3,774,000 after buying an additional 3,909 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Omega Healthcare Investors by 1.9% during the 1st quarter. QRG Capital Management Inc. now owns 59,532 shares of the real estate investment trust’s stock valued at $1,885,000 after buying an additional 1,096 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Omega Healthcare Investors by 3.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 255,348 shares of the real estate investment trust’s stock valued at $8,087,000 after acquiring an additional 8,491 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Omega Healthcare Investors by 2.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 149,951 shares of the real estate investment trust’s stock worth $4,749,000 after acquiring an additional 3,184 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.