Omega Healthcare Investors (NYSE:OHI) Price Target Increased to $32.00 by Analysts at Truist Financial

Omega Healthcare Investors (NYSE:OHIFree Report) had its price objective hoisted by Truist Financial from $31.00 to $32.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the stock. Mizuho lowered their price objective on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a buy rating on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an equal weight rating to an overweight rating and increased their price objective for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. BNP Paribas upgraded shares of Omega Healthcare Investors from an underperform rating to a neutral rating and set a $30.00 target price for the company in a research report on Thursday, February 8th. Bank of America downgraded shares of Omega Healthcare Investors from a buy rating to a neutral rating and decreased their price target for the stock from $33.00 to $31.00 in a research report on Tuesday, January 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a buy rating and a $36.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $33.58.

View Our Latest Report on Omega Healthcare Investors

Omega Healthcare Investors Price Performance

NYSE OHI opened at $31.08 on Tuesday. Omega Healthcare Investors has a one year low of $26.00 and a one year high of $34.77. The stock has a 50-day moving average of $30.54 and a 200 day moving average of $31.39. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 10.43 and a beta of 0.91.

Omega Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 8.62%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 2nd. Omega Healthcare Investors’s payout ratio is presently 270.71%.

Institutional Trading of Omega Healthcare Investors

Several institutional investors have recently made changes to their positions in OHI. US Bancorp DE grew its holdings in 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 buying an additional 1,270 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Omega Healthcare Investors by 5.6% during the first 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 acquiring an additional 17,447 shares in the last quarter. Cetera Investment Advisers grew its stake in Omega Healthcare Investors by 13.1% during the first quarter. Cetera Investment Advisers now owns 67,846 shares of the real estate investment trust’s stock valued at $2,114,000 after acquiring an additional 7,873 shares in the last quarter. Moors & Cabot Inc. bought a new stake in Omega Healthcare Investors in the 1st quarter valued at $248,000. Finally, Baird Financial Group Inc. lifted its stake in Omega Healthcare Investors by 5.3% in the 1st quarter. Baird Financial Group Inc. now owns 184,776 shares of the real estate investment trust’s stock worth $5,758,000 after purchasing an additional 9,270 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

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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.

Further Reading

Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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