Omega Healthcare Investors’ (OHI) “Underperform” Rating Reaffirmed at Bank of America

Bank of America restated their underperform rating on shares of Omega Healthcare Investors (NYSE:OHI) in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have a $46.00 price target on the real estate investment trust’s stock, down from their prior price target of $52.00.

A number of other equities research analysts have also recently commented on OHI. Wells Fargo & Company lifted their target price on Omega Healthcare Investors from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 26th. Truist Financial lifted their target price on Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Scotiabank lifted their target price on Omega Healthcare Investors from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Royal Bank Of Canada lifted their target price on Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group initiated coverage on Omega Healthcare Investors in a research note on Friday, January 9th. They set a “buy” rating and a $54.00 target price on the stock. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Hold” and an average target price of $47.83.

Omega Healthcare Investors Trading Up 0.3%

NYSE OHI opened at $45.56 on Tuesday. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.92 and a beta of 0.59. Omega Healthcare Investors has a one year low of $35.08 and a one year high of $49.14. 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 business’s fifty day moving average is $46.29 and its 200-day moving average is $44.40.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued 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 5.9%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 138.86%.

Institutional Investors Weigh In On Omega Healthcare Investors

Large investors have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV increased its holdings in Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 450 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Omega Healthcare Investors during the 4th quarter valued at about $37,000. Salem Investment Counselors Inc. purchased a new position in Omega Healthcare Investors during the 3rd quarter valued at about $39,000. Finally, Rothschild Investment LLC grew its holdings in Omega Healthcare Investors by 283.7% during the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 698 shares in the last quarter. 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.