Omega Healthcare Investors, Inc. (NYSE:OHI) Given Average Recommendation of “Moderate Buy” by Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $47.8182.

A number of analysts recently issued reports on the stock. Cantor Fitzgerald increased their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Scotiabank lifted their price objective on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $45.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Royal Bank Of Canada increased their target price on shares of 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, Truist Financial lifted their price target on Omega Healthcare Investors from $46.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, March 5th.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $44.84 on Tuesday. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.88 and a beta of 0.54. Omega Healthcare Investors has a 12 month low of $35.04 and a 12 month high of $49.14. The firm’s 50 day simple moving average is $45.97 and its 200-day simple moving average is $44.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were given a $0.67 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.0%. Omega Healthcare Investors’s payout ratio is 138.86%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in 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 worth $5,496,000 after acquiring an additional 32,798 shares in the last quarter. Focus Partners Wealth lifted its holdings in 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 purchasing an additional 597 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Omega Healthcare Investors during the second quarter valued at $257,000. Creative Planning grew its position in shares of Omega Healthcare Investors by 17.7% in the second quarter. Creative Planning now owns 56,254 shares of the real estate investment trust’s stock valued at $2,062,000 after purchasing an additional 8,460 shares during the period. Finally, Ensign Peak Advisors Inc grew its position in shares of Omega Healthcare Investors by 5.6% in the second quarter. Ensign Peak Advisors Inc now owns 147,404 shares of the real estate investment trust’s stock valued at $5,402,000 after purchasing an additional 7,754 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

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.