Omega Healthcare Investors (NYSE:OHI) Given New $52.00 Price Target at Cantor Fitzgerald

Omega Healthcare Investors (NYSE:OHI) had its price target hoisted by Cantor Fitzgerald from $50.00 to $52.00 in a report issued on Tuesday, MarketBeat.com reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on OHI. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $45.00 in a research report on Thursday, January 29th. Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. Royal Bank Of Canada upped their price objective on Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday. UBS Group reiterated a “buy” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research report on Friday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $45.00 price target on shares of Omega Healthcare Investors in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.36.

Omega Healthcare Investors Trading Up 1.5%

Omega Healthcare Investors stock opened at $45.44 on Tuesday. The firm’s fifty day moving average price is $44.38 and its 200-day moving average price is $42.79. The stock has a market cap of $13.43 billion, a P/E ratio of 23.54, a PEG ratio of 1.44 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 7.11 and a current ratio of 5.04. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $46.36.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 138.86%.

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at approximately $156,166,000. Invesco Ltd. grew its stake 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 valued at $208,775,000 after buying an additional 2,493,877 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Omega Healthcare Investors in the 2nd quarter worth about $71,312,000. Cbre Investment Management Listed Real Assets LLC increased its position in Omega Healthcare Investors by 327.5% during the 4th 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 purchasing an additional 1,702,846 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Omega Healthcare Investors by 77.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after acquiring an additional 1,496,059 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Company Profile

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.