Mizuho Lowers Omega Healthcare Investors (NYSE:OHI) to Neutral

Mizuho lowered shares of Omega Healthcare Investors (NYSE:OHI) from an outperform rating to a neutral rating in a research note released on Thursday morning, Marketbeat.com reports. Mizuho currently has $35.00 price target on the real estate investment trust’s stock, up from their prior price target of $34.00.

OHI has been the topic of a number of other reports. Wells Fargo & Company upgraded Omega Healthcare Investors to a strong-buy rating in a research report on Friday, June 14th. JMP Securities reiterated a market perform rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a hold rating in a report on Wednesday, June 26th. Finally, Scotiabank increased their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a sector perform rating in a report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $33.67.

Omega Healthcare Investors Price Performance

OHI opened at $36.30 on Thursday. 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’s 50-day moving average price is $33.36 and its 200 day moving average price is $31.56. Omega Healthcare Investors has a fifty-two week low of $27.53 and a fifty-two week high of $37.13. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend is Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Omega Healthcare Investors by 6.5% in the 4th 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 buying an additional 9,473 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Omega Healthcare Investors by 112.8% in the 4th quarter. Pacer Advisors Inc. now owns 43,607 shares of the real estate investment trust’s stock valued at $1,337,000 after acquiring an additional 23,111 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Omega Healthcare Investors by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock valued at $4,367,000 after purchasing an additional 1,232 shares in the last quarter. Spirit of America Management Corp NY grew its stake in shares of Omega Healthcare Investors by 9.1% in the 4th quarter. Spirit of America Management Corp NY now owns 12,000 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 1,000 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of Omega Healthcare Investors by 24.9% in the 4th quarter. DAVENPORT & Co LLC now owns 11,793 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 2,350 shares in the last quarter. Institutional investors 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.