Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $48.00

Omega Healthcare Investors (NYSE:OHI) had its price target raised by Truist Financial from $46.00 to $48.00 in a report released on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

A number of other analysts have also issued reports on OHI. Royal Bank Of Canada boosted their price target on Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 10th. UBS Group restated a “buy” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a report on Friday, February 6th. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $48.00 to $45.00 in a research report on Thursday, January 29th. Citigroup reiterated a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average target price of $47.82.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $47.76 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04. The company has a market capitalization of $14.12 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.54 and a beta of 0.54. The company’s 50-day simple moving average is $45.37 and its two-hundred day simple moving average is $43.69. Omega Healthcare Investors has a one year low of $35.04 and a one year high of $49.14.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, February 9th. Omega Healthcare Investors’s payout ratio is presently 138.86%.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Omega Healthcare Investors by 29.4% in the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock worth $5,496,000 after purchasing an additional 32,798 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Omega Healthcare Investors by 3.1% during the first quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 597 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at about $257,000. State of Michigan Retirement System boosted its holdings in shares of Omega Healthcare Investors by 3.1% in the 2nd quarter. State of Michigan Retirement System now owns 69,563 shares of the real estate investment trust’s stock valued at $2,549,000 after buying an additional 2,100 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Omega Healthcare Investors by 367.5% in the 2nd quarter. Bank of Montreal Can now owns 378,754 shares of the real estate investment trust’s stock worth $13,881,000 after buying an additional 297,742 shares during the last quarter. 65.25% of the stock is currently 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.