Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $33.63 Average PT from Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $33.63.

OHI has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Citigroup raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Wells Fargo & Company raised shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Finally, Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd.

Hedge Funds Weigh In On Omega Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of OHI. Norges Bank bought a new position in shares of Omega Healthcare Investors during the fourth quarter valued at about $61,698,000. FMR LLC increased its position in shares of Omega Healthcare Investors by 96.5% during the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock valued at $98,908,000 after buying an additional 1,464,693 shares during the period. Wellington Management Group LLP increased its position in shares of Omega Healthcare Investors by 2,444.9% during the third quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock valued at $37,409,000 after buying an additional 1,083,816 shares during the period. Vanguard Group Inc. increased its position in shares of Omega Healthcare Investors by 3.0% during the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after buying an additional 1,003,927 shares during the period. Finally, Centersquare Investment Management LLC increased its position in shares of Omega Healthcare Investors by 36.6% during the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after buying an additional 960,997 shares during the period. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Up 0.8 %

OHI opened at $32.37 on Wednesday. Omega Healthcare Investors has a one year low of $27.53 and a one year high of $34.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The firm has a market capitalization of $8.00 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The company has a fifty day moving average price of $31.19 and a 200-day moving average price of $30.82.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.28%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

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.