Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $32.00

Omega Healthcare Investors (NYSE:OHI) had its price target lifted by Truist Financial from $31.00 to $32.00 in a research note published on Tuesday, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

OHI has been the topic of several other reports. BNP Paribas upgraded Omega Healthcare Investors from an underperform rating to a neutral rating and set a $30.00 price objective on the stock in a research note on Thursday, February 8th. Bank of America lowered Omega Healthcare Investors from a buy rating to a neutral rating and lowered their target price for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. Wells Fargo & Company raised Omega Healthcare Investors from an equal weight rating to an overweight rating and lifted their price target for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. Mizuho dropped their price target on Omega Healthcare Investors from $35.00 to $34.00 and set a buy rating on the stock in a research note on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a buy rating and a $36.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $33.58.

Omega Healthcare Investors Stock Up 2.4 %

Shares of NYSE:OHI opened at $31.96 on Tuesday. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 10.23 and a beta of 0.91. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average of $30.63 and a two-hundred day moving average of $31.39. Omega Healthcare Investors has a 52-week low of $26.00 and a 52-week high of $34.77.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.39%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 2nd. Omega Healthcare Investors’s payout ratio is currently 270.71%.

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. raised its stake in shares of Omega Healthcare Investors by 7,010.8% in the 1st quarter. Federated Hermes Inc. now owns 2,482,964 shares of the real estate investment trust’s stock valued at $77,369,000 after acquiring an additional 2,448,046 shares in the last quarter. Norges Bank bought a new position in Omega Healthcare Investors in the 4th quarter worth approximately $61,698,000. State Street Corp increased its position in Omega Healthcare Investors by 14.8% in the 1st quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock worth $414,443,000 after buying an additional 1,715,004 shares during the period. Marshall Wace LLP increased its position in Omega Healthcare Investors by 150.5% in the 2nd quarter. Marshall Wace LLP now owns 2,731,979 shares of the real estate investment trust’s stock worth $83,844,000 after buying an additional 1,641,488 shares during the period. Finally, FMR LLC increased its position in Omega Healthcare Investors by 96.5% in the 3rd quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock worth $98,908,000 after buying an additional 1,464,693 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.