Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $47.00 at Wells Fargo & Company

Omega Healthcare Investors (NYSE:OHI) had its target price hoisted by Wells Fargo & Company from $45.00 to $47.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other research firms also recently commented on OHI. The Goldman Sachs Group assumed coverage on shares of Omega Healthcare Investors in a report on Friday, January 9th. They set a “buy” rating and a $54.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $45.00 target price on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Scotiabank increased their price target on Omega Healthcare Investors from $45.00 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Truist Financial raised their price target on Omega Healthcare Investors from $46.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, March 5th. Finally, Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and an average price target of $48.00.

Omega Healthcare Investors Stock Performance

OHI opened at $44.54 on Thursday. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.88 and a beta of 0.54. The company has a fifty day moving average of $45.98 and a 200 day moving average of $44.10. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $49.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 6.0%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 138.86%.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of large investors have recently bought and sold shares of OHI. Norges Bank bought a new position in Omega Healthcare Investors in the 4th quarter valued at $156,166,000. Invesco Ltd. lifted its position in shares of Omega Healthcare Investors by 101.7% during the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Omega Healthcare Investors during the fourth quarter worth $93,476,000. Hudson Bay Capital Management LP purchased a new stake in shares of Omega Healthcare Investors during the second quarter valued at $71,312,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Omega Healthcare Investors by 327.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,222,799 shares of the real estate investment trust’s stock valued at $98,559,000 after purchasing an additional 1,702,846 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.