Truist Financial Raises Omega Healthcare Investors (NYSE:OHI) Price Target to $33.00

Omega Healthcare Investors (NYSE:OHI) had its price target boosted by Truist Financial from $32.00 to $33.00 in a report issued on Wednesday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other brokerages also recently commented on OHI. Citigroup raised Omega Healthcare Investors from a neutral rating to a buy rating and boosted their target price for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. JMP Securities reissued a market perform rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Finally, Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a strong-buy rating in a research report on Friday, June 14th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $33.71.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $34.25 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. Omega Healthcare Investors has a fifty-two week low of $27.53 and a fifty-two week high of $34.77. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.23 and a beta of 0.96. The stock has a fifty day moving average price of $31.69 and a 200-day moving average price of $30.97.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a yield of 7.82%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Left Brain Wealth Management LLC increased its stake in shares of Omega Healthcare Investors by 2.0% during the 4th quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 335 shares during the last quarter. Tidal Investments LLC boosted its holdings in Omega Healthcare Investors by 2.5% in the 1st quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 348 shares during the period. Royal Fund Management LLC boosted its holdings in Omega Healthcare Investors by 1.0% in the 4th quarter. Royal Fund Management LLC now owns 35,656 shares of the real estate investment trust’s stock worth $1,093,000 after buying an additional 369 shares during the period. Quadrant Capital Group LLC grew its stake in Omega Healthcare Investors by 11.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 394 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Omega Healthcare Investors by 2.5% during the 1st quarter. Global Retirement Partners LLC now owns 16,355 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.