Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $32.89

Shares of Omega Healthcare Investors, Inc. (NYSE:OHIGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, 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 1 year target price among brokers that have covered the stock in the last year is $33.50.

A number of analysts have recently weighed in on OHI shares. Bank of America lowered Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $31.00 in a research note on Tuesday, January 16th. Wells Fargo & Company upgraded 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 research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective for the company. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a research report on Thursday, February 8th. Finally, Truist Financial lowered their price objective on Omega Healthcare Investors from $34.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, December 26th.

Check Out Our Latest Research Report on Omega Healthcare Investors

Hedge Funds Weigh In On Omega Healthcare Investors

Several institutional investors have recently modified their holdings of OHI. US Bancorp DE lifted its holdings in shares of Omega Healthcare Investors by 6.6% during the 1st quarter. US Bancorp DE now owns 20,517 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 1,270 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Omega Healthcare Investors by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 326,488 shares of the real estate investment trust’s stock valued at $10,510,000 after purchasing an additional 17,447 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Omega Healthcare Investors by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 67,846 shares of the real estate investment trust’s stock valued at $2,114,000 after purchasing an additional 7,873 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of Omega Healthcare Investors during the 1st quarter valued at about $248,000. Finally, Baird Financial Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 5.3% during the 1st quarter. Baird Financial Group Inc. now owns 184,776 shares of the real estate investment trust’s stock valued at $5,758,000 after purchasing an additional 9,270 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $31.67 on Friday. 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 stock has a fifty day moving average price of $30.47 and a two-hundred day moving average price of $31.43. Omega Healthcare Investors has a 52-week low of $26.00 and a 52-week high of $34.77. The firm has a market capitalization of $7.77 billion, a P/E ratio of 31.99, a P/E/G ratio of 10.43 and a beta of 0.92.

Omega Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were issued a dividend of $0.67 per share. The ex-dividend date was Friday, February 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 8.46%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s dividend payout ratio (DPR) is 270.71%.

About Omega Healthcare Investors

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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.

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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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