Short Interest in Omega Healthcare Investors, Inc. (OHI) Grows By 10.4%

Omega Healthcare Investors, Inc. (NYSE:OHI) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 36,047,047 shares, a growth of 10.4% from the October 13th total of 32,654,296 shares. Approximately 18.5% of the company’s stock are short sold. Based on an average trading volume of 2,934,709 shares, the days-to-cover ratio is currently 12.3 days.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $30.00 target price on shares of Omega Healthcare Investors in a research note on Wednesday, November 1st. Hilliard Lyons cut shares of Omega Healthcare Investors to a “buy” rating in a research note on Wednesday, November 1st. TheStreet cut shares of Omega Healthcare Investors from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Finally, Stifel Nicolaus cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and decreased their target price for the company from $35.00 to $29.00 in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.83.

In other news, Director Craig R. Callen bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $27.38 per share, with a total value of $273,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bernard J. Korman bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average cost of $28.24 per share, with a total value of $2,824,000.00. Following the completion of the purchase, the director now directly owns 903,895 shares of the company’s stock, valued at approximately $25,525,994.80. The disclosure for this purchase can be found here. 1.54% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Baltimore Washington Financial Advisors Inc. lifted its holdings in Omega Healthcare Investors by 5.5% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 244,212 shares of the real estate investment trust’s stock valued at $7,793,000 after purchasing an additional 12,690 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Omega Healthcare Investors by 17.1% during the 2nd quarter. Pacer Advisors Inc. now owns 28,758 shares of the real estate investment trust’s stock valued at $950,000 after purchasing an additional 4,194 shares during the last quarter. First Trust Advisors LP lifted its holdings in Omega Healthcare Investors by 17.5% during the 3rd quarter. First Trust Advisors LP now owns 533,770 shares of the real estate investment trust’s stock valued at $17,033,000 after purchasing an additional 79,562 shares during the last quarter. Honeywell International Inc. lifted its holdings in Omega Healthcare Investors by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 56,210 shares of the real estate investment trust’s stock valued at $1,794,000 after purchasing an additional 12,210 shares during the last quarter. Finally, Geneva Advisors LLC lifted its holdings in Omega Healthcare Investors by 18.2% during the 2nd quarter. Geneva Advisors LLC now owns 35,798 shares of the real estate investment trust’s stock valued at $1,182,000 after purchasing an additional 5,510 shares during the last quarter. 72.50% of the stock is owned by institutional investors and hedge funds.

Shares of Omega Healthcare Investors (OHI) opened at $27.14 on Monday. Omega Healthcare Investors has a twelve month low of $26.84 and a twelve month high of $35.14. The stock has a market capitalization of $5,375.71, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 1.18.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.65 per share. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.60 annualized dividend and a yield of 9.58%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 317.08%.

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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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