Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $33.58 Consensus Target Price from Analysts

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $33.58.

Several equities analysts have issued reports on OHI shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Omega Healthcare Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price target on the stock. Mizuho lowered their price objective on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Bank of America downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $30.90 on Tuesday. The firm’s fifty day simple moving average is $31.00 and its two-hundred day simple moving average is $31.15. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. Omega Healthcare Investors has a 12-month low of $26.00 and a 12-month high of $34.77. The firm has a market capitalization of $7.58 billion, a P/E ratio of 31.21, a P/E/G ratio of 10.05 and a beta of 0.91.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a yield of 8.67%. Omega Healthcare Investors’s dividend payout ratio is presently 270.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC lifted its position in Omega Healthcare Investors by 547.8% during the third quarter. Jump Financial LLC now owns 82,311 shares of the real estate investment trust’s stock valued at $2,729,000 after purchasing an additional 69,605 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Omega Healthcare Investors by 9.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust’s stock worth $20,355,000 after acquiring an additional 58,198 shares during the period. State of Alaska Department of Revenue raised its position in shares of Omega Healthcare Investors by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock worth $4,367,000 after acquiring an additional 1,232 shares during the period. Vanguard Group Inc. raised its position in shares of Omega Healthcare Investors by 3.0% in the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after acquiring an additional 1,003,927 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Omega Healthcare Investors by 6.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 155,078 shares of the real estate investment trust’s stock worth $4,755,000 after acquiring an additional 9,473 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Company Profile

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.