Omega Healthcare Investors, Inc. (OHI) Shares Gap Down to $28.86

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) gapped down before the market opened on Wednesday . The stock had previously closed at $27.57, but opened at $28.86. Omega Healthcare Investors shares last traded at $28.17, with a volume of 5,166,292 shares changing hands.

A number of analysts recently commented on the company. Hilliard Lyons cut Omega Healthcare Investors to a “buy” rating in a research report on Wednesday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $30.00 price objective on shares of Omega Healthcare Investors in a research report on Wednesday. TheStreet cut Omega Healthcare Investors from a “b-” rating to a “c” rating in a research report on Monday. Vetr cut Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.96 price objective for the company. in a research report on Monday. Finally, Capital One Financial Corporation assumed coverage on Omega Healthcare Investors in a research report on Monday, October 23rd. They set an “equal weight” rating and a $34.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.83.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.65 per share. The ex-dividend date is Monday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 9.01%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.64. Omega Healthcare Investors’s payout ratio is currently 317.08%.

Several hedge funds have recently modified their holdings of OHI. Principal Financial Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 137.5% in the 2nd quarter. Principal Financial Group Inc. now owns 5,503,823 shares of the real estate investment trust’s stock valued at $181,736,000 after buying an additional 3,186,783 shares during the period. FMR LLC lifted its holdings in shares of Omega Healthcare Investors by 71.9% in the 2nd quarter. FMR LLC now owns 2,349,289 shares of the real estate investment trust’s stock valued at $77,573,000 after buying an additional 982,771 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 32,497,878 shares of the real estate investment trust’s stock valued at $1,073,080,000 after buying an additional 735,367 shares during the period. BlackRock Inc. lifted its holdings in shares of Omega Healthcare Investors by 3.6% in the 2nd quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock valued at $680,443,000 after buying an additional 717,086 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Omega Healthcare Investors by 28.5% in the 2nd quarter. LSV Asset Management now owns 1,724,155 shares of the real estate investment trust’s stock valued at $56,931,000 after buying an additional 382,200 shares during the period. 72.87% of the stock is owned by institutional investors and hedge funds.

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Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

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