Omega Healthcare Investors (NYSE:OHI) Sets New 52-Week High on Analyst Upgrade

Omega Healthcare Investors, Inc. (NYSE:OHI) shares reached a new 52-week high during mid-day trading on Wednesday after Cantor Fitzgerald raised their price target on the stock from $50.00 to $52.00. Cantor Fitzgerald currently has an overweight rating on the stock. Omega Healthcare Investors traded as high as $46.66 and last traded at $47.1260, with a volume of 1437024 shares. The stock had previously closed at $45.44.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada upped their price target on Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 price objective on shares of Omega Healthcare Investors in a report on Monday, December 15th. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $45.00 in a report on Thursday, January 29th. BMO Capital Markets downgraded Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a research note on Friday, January 9th. Finally, Scotiabank boosted their price objective on shares of Omega Healthcare Investors from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.36.

Institutional Trading of Omega Healthcare Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC raised its holdings in shares of Omega Healthcare Investors by 2.3% during the 4th quarter. Bogart Wealth LLC now owns 10,461 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 237 shares in the last quarter. GeoWealth Management LLC lifted its stake in shares of Omega Healthcare Investors by 1.3% during the 3rd quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock worth $796,000 after acquiring an additional 239 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Omega Healthcare Investors by 3.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 262 shares during the period. Smartleaf Asset Management LLC boosted its position 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 valued at $34,000 after buying an additional 268 shares during the period. Finally, Inscription Capital LLC raised its holdings in Omega Healthcare Investors by 0.9% in the 4th quarter. Inscription Capital LLC now owns 29,814 shares of the real estate investment trust’s stock valued at $1,322,000 after acquiring an additional 268 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Price Performance

The company has a 50-day simple moving average of $44.40 and a 200-day simple moving average of $42.82. The company has a debt-to-equity ratio of 0.78, a quick ratio of 7.11 and a current ratio of 5.04. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.47 and a beta of 0.57.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be paid a $0.67 dividend. The ex-dividend date is Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 5.7%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 138.86%.

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.