Omega Healthcare Investors (NYSE:OHI) Stock Price Expected to Rise, Scotiabank Analyst Says

Omega Healthcare Investors (NYSE:OHI) had its price target hoisted by analysts at Scotiabank from $45.00 to $48.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 1.01% from the company’s previous close.

OHI has been the subject of a number of other reports. Weiss Ratings upgraded 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 lifted their price objective 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. Jefferies Financial Group reiterated a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a research report on Monday, December 15th. UBS Group reissued a “buy” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a report on Friday, February 6th. Finally, Truist Financial boosted their price target on Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and an average price target of $47.64.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $47.52 on Monday. Omega Healthcare Investors has a twelve month low of $35.04 and a twelve month high of $49.14. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. The company has a 50-day simple moving average of $45.19 and a two-hundred day simple moving average of $43.58. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.54.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Omega Healthcare Investors by 29.4% in the 1st quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock valued at $5,496,000 after purchasing an additional 32,798 shares in the last quarter. Focus Partners Wealth lifted its stake in Omega Healthcare Investors by 3.1% in the 1st quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 597 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Omega Healthcare Investors in the second quarter valued at approximately $257,000. Hantz Financial Services Inc. grew its stake in shares of Omega Healthcare Investors by 39.4% during the second quarter. Hantz Financial Services Inc. now owns 5,928 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 1,675 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Omega Healthcare Investors by 3.1% during the second quarter. State of Michigan Retirement System now owns 69,563 shares of the real estate investment trust’s stock worth $2,549,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds 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.