Omega Healthcare Investors (NYSE:OHI) Hits New 1-Year High at $34.80

Omega Healthcare Investors, Inc. (NYSE:OHI)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.80 and last traded at $34.69, with a volume of 191236 shares. The stock had previously closed at $34.41.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OHI. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their target price for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Scotiabank boosted their price target on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Truist Financial upped their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Nine investment 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.65.

Omega Healthcare Investors Stock Up 0.6 %

The business has a 50 day moving average price of $32.26 and a 200 day moving average price of $31.15. 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 stock has a market cap of $8.55 billion, a PE ratio of 31.00, a P/E/G ratio of 1.25 and a beta of 0.97.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OHI. Mirae Asset Global Investments Co. Ltd. raised its holdings in Omega Healthcare Investors by 9.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust’s stock worth $20,355,000 after purchasing an additional 58,198 shares during the period. Vanguard Group Inc. increased its holdings in Omega Healthcare Investors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after acquiring an additional 1,003,927 shares in the last quarter. State of Alaska Department of Revenue raised its position in Omega Healthcare Investors by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock worth $4,367,000 after acquiring an additional 1,232 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Omega Healthcare Investors by 96.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 10,714 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Omega Healthcare Investors by 6.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 155,078 shares of the real estate investment trust’s stock worth $4,755,000 after purchasing an additional 9,473 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

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.