Omega Healthcare Investors, Inc. (NYSE:OHI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $33.58.

A number of analysts have issued reports on the company. Mizuho decreased their price target on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 target price for the company. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $31.00 to $35.00 in a report on Monday, February 26th. Finally, Truist Financial boosted their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd.

Omega Healthcare Investors Stock Up 0.6 %

Shares of NYSE OHI opened at $31.09 on Tuesday. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 10.12 and a beta of 0.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. The business has a 50-day moving average of $31.01 and a two-hundred day moving average of $31.11. Omega Healthcare Investors has a 1 year low of $26.11 and a 1 year high of $34.77.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 8.62%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is presently 270.71%.

Institutional Trading of Omega Healthcare Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in OHI. Left Brain Wealth Management LLC grew its holdings in shares of Omega Healthcare Investors by 2.0% in 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 acquiring an additional 335 shares during the period. Royal Fund Management LLC grew its holdings in shares of 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 acquiring an additional 369 shares during the period. Choreo LLC grew its holdings in shares of Omega Healthcare Investors by 3.5% in the 3rd quarter. Choreo LLC now owns 11,368 shares of the real estate investment trust’s stock worth $377,000 after acquiring an additional 381 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of 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 worth $118,000 after acquiring an additional 394 shares during the period. Finally, Future Financial Wealth Managment LLC grew its holdings in shares of Omega Healthcare Investors by 5.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 8,403 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 400 shares during the period. 65.25% of the stock is owned by hedge funds and other 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.