Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Average Rating of “Hold” from Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI) has received a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $33.63.

OHI has been the topic of a number of recent research reports. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research note on Thursday, February 8th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $35.00 in a research report on Monday, February 26th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Truist Financial boosted their price target on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd.

Omega Healthcare Investors Trading Up 0.5 %

NYSE:OHI opened at $31.47 on Friday. Omega Healthcare Investors has a 52 week low of $27.53 and a 52 week high of $34.77. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. The company has a market cap of $7.78 billion, a PE ratio of 28.35, a P/E/G ratio of 2.59 and a beta of 0.92. The business’s 50 day moving average is $30.97 and its two-hundred day moving average is $30.79.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.67 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.52%. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Institutional Trading of Omega Healthcare Investors

A number of large investors have recently added to or reduced their stakes in OHI. MeadowBrook Investment Advisors LLC bought a new stake in shares of Omega Healthcare Investors during the 4th quarter worth $31,000. NBC Securities Inc. acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at $34,000. GAMMA Investing LLC acquired a new stake in Omega Healthcare Investors during the 4th quarter worth about $35,000. Highlander Capital Management LLC lifted its stake in Omega Healthcare Investors by 150.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 750 shares in the last quarter. Finally, WFA Asset Management Corp acquired a new position in shares of Omega Healthcare Investors in the first quarter worth about $39,000. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Company Profile

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.