SunTrust Banks, Inc. reaffirmed their hold rating on shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in a research report report published on Wednesday morning. The brokerage currently has a $30.00 price objective on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Omega Healthcare Investors’ Q4 2017 earnings at $0.74 EPS, FY2017 earnings at $3.20 EPS, Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $3.24 EPS and FY2019 earnings at $3.41 EPS.

A number of other equities analysts have also recently issued reports on the company. Hilliard Lyons cut Omega Healthcare Investors to a buy rating in a report on Wednesday. TheStreet cut Omega Healthcare Investors from a b- rating to a c rating in a report on Monday, October 30th. Stifel Nicolaus cut Omega Healthcare Investors from a buy rating to a hold rating and lowered their target price for the stock from $35.00 to $29.00 in a report on Tuesday. Vetr cut Omega Healthcare Investors from a buy rating to a hold rating and set a $32.96 target price for the company. in a report on Monday, October 30th. Finally, Capital One Financial Corporation reaffirmed an equal weight rating on shares of Omega Healthcare Investors in a report on Sunday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Omega Healthcare Investors has a consensus rating of Hold and an average price target of $31.83.

Omega Healthcare Investors (NYSE OHI) opened at $28.39 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.40 and a quick ratio of 3.04. The firm has a market capitalization of $5.52 billion, a PE ratio of 8.20, a PEG ratio of 2.90 and a beta of 0.53.

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The business 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 $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date is Monday, October 30th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.64. Omega Healthcare Investors’s payout ratio is 317.08%.

In related news, Director Craig R. Callen purchased 10,000 shares of Omega Healthcare Investors stock in a transaction on Thursday, November 2nd. The shares were purchased at an average price of $27.38 per share, for a total transaction of $273,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bernard J. Korman purchased 100,000 shares of Omega Healthcare Investors stock in a transaction on Tuesday, October 31st. The stock was bought at an average price of $28.24 per share, for a total transaction of $2,824,000.00. Following the transaction, the director now directly owns 903,895 shares in the company, valued at approximately $25,525,994.80. The disclosure for this purchase can be found here. Insiders own 1.54% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OHI. Bronfman E.L. Rothschild L.P. grew its position in shares of Omega Healthcare Investors by 167.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,432 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,150 shares during the last quarter. Ffcm LLC grew its position in shares of Omega Healthcare Investors by 197.6% in the 2nd quarter. Ffcm LLC now owns 3,402 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,259 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Omega Healthcare Investors by 656.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,015 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 5,220 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at about $209,000. Finally, ARP Americas LLC bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at about $218,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.

About Omega Healthcare Investors

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.

Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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