Omega Healthcare Investors (NYSE:OHI) Given New $48.00 Price Target at Truist Financial

Omega Healthcare Investors (NYSE:OHI) had its target price raised by investment analysts at Truist Financial from $46.00 to $48.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 2.59% from the stock’s previous close.

OHI has been the subject of a number of other reports. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Jefferies Financial Group restated a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a report on Monday, December 15th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $45.00 in a research note on Thursday, January 29th. Citigroup reissued a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Finally, Cantor Fitzgerald raised their price objective on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and an average price target of $47.82.

Omega Healthcare Investors Stock Down 1.2%

Shares of OHI stock traded down $0.59 on Thursday, hitting $46.79. The stock had a trading volume of 398,503 shares, compared to its average volume of 2,030,738. The business has a 50 day moving average of $45.25 and a 200 day moving average of $43.60. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.53 and a beta of 0.54. Omega Healthcare Investors has a 12-month low of $35.04 and a 12-month high of $49.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Omega Healthcare Investors in the 4th quarter worth approximately $156,166,000. Invesco Ltd. grew its position in shares of Omega Healthcare Investors by 101.7% during the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after buying an additional 2,493,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Omega Healthcare Investors during the 4th quarter valued at $93,476,000. Hudson Bay Capital Management LP bought a new position in shares of Omega Healthcare Investors during the 2nd quarter worth approximately $71,312,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in Omega Healthcare Investors by 327.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,222,799 shares of the real estate investment trust’s stock worth $98,559,000 after acquiring an additional 1,702,846 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.