Omega Healthcare Investors (NYSE:OHI) Downgraded by Mizuho to “Neutral”

Mizuho lowered shares of Omega Healthcare Investors (NYSE:OHI) from an outperform rating to a neutral rating in a research note published on Thursday, Marketbeat Ratings reports. They currently have $35.00 price target on the real estate investment trust’s stock, up from their prior price target of $34.00.

A number of other brokerages also recently weighed in on OHI. Truist Financial upped their price target on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a hold rating in a report on Wednesday, June 26th. Scotiabank increased their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a sector perform rating in a research report on Tuesday, July 9th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a strong-buy rating in a research report on Friday, June 14th. Finally, JMP Securities reiterated a market perform rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $33.67.

Omega Healthcare Investors Stock Up 1.6 %

Shares of OHI opened at $36.30 on Thursday. The firm’s 50-day simple moving average is $33.36 and its 200 day simple moving average is $31.57. Omega Healthcare Investors has a 52 week low of $27.53 and a 52 week high of $37.13. The firm has a market cap of $8.97 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Omega Healthcare Investors by 0.5% in the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after buying an additional 165,105 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of Omega Healthcare Investors by 36.6% in the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after purchasing an additional 960,997 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Omega Healthcare Investors by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock worth $107,358,000 after purchasing an additional 40,999 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Omega Healthcare Investors by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock worth $110,971,000 after purchasing an additional 143,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Omega Healthcare Investors by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock valued at $90,403,000 after acquiring an additional 124,483 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

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.