Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $47.83 Consensus Target Price from Analysts

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $47.8333.

A number of research analysts have weighed in on the stock. UBS Group reissued a “buy” rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a research note on Friday, February 6th. BMO Capital Markets lowered shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research report on Friday, January 9th. Bank of America reaffirmed an “underperform” rating and set a $46.00 price target (down from $52.00) on shares of Omega Healthcare Investors in a research report on Tuesday, April 14th. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, March 5th. Finally, Cantor Fitzgerald lifted their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th.

Omega Healthcare Investors Trading Down 2.1%

OHI opened at $44.96 on Friday. 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 company’s 50 day simple moving average is $46.43 and its two-hundred day simple moving average is $44.57. Omega Healthcare Investors has a 1-year low of $35.08 and a 1-year high of $49.14. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.04 and a beta of 0.59.

Omega Healthcare Investors Dividend Announcement

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

Institutional Trading of Omega Healthcare Investors

Several institutional investors have recently made changes to their positions in OHI. Norges Bank purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at approximately $156,166,000. Invesco Ltd. raised its position in Omega Healthcare Investors by 101.7% in the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after purchasing an additional 2,493,877 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $93,476,000. Cbre Investment Management Listed Real Assets LLC raised its position in Omega Healthcare Investors by 327.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,222,799 shares of the real estate investment trust’s stock valued at $98,559,000 after purchasing an additional 1,702,846 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Omega Healthcare Investors by 77.9% in the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after purchasing an additional 1,496,059 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.