Omega Healthcare Investors (NYSE:OHI) Given New $43.00 Price Target at Royal Bank of Canada

Omega Healthcare Investors (NYSE:OHI) had its price target boosted by Royal Bank of Canada from $39.00 to $43.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on OHI. Scotiabank increased their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Berenberg Bank started coverage on shares of Omega Healthcare Investors in a research report on Friday, October 18th. They set a “buy” rating and a $45.00 price objective on the stock. BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a report on Thursday, October 31st. Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Finally, Truist Financial boosted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.00.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $39.74 on Monday. The business has a 50-day simple moving average of $40.66 and a two-hundred day simple moving average of $36.57. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10. Omega Healthcare Investors has a 52 week low of $27.53 and a 52 week high of $44.42. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.25 and a beta of 0.99.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.67 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.74%. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

Insider Buying and Selling at Omega Healthcare Investors

In related news, COO Daniel J. Booth sold 56,725 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at approximately $4,025,000. The trade was a 36.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert O. Stephenson sold 22,542 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the transaction, the chief financial officer now owns 183,076 shares of the company’s stock, valued at $7,357,824.44. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by company insiders.

Institutional Trading of Omega Healthcare Investors

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc purchased a new position in Omega Healthcare Investors in the second quarter worth about $26,000. UMB Bank n.a. lifted its stake in shares of Omega Healthcare Investors by 353.4% in the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 516 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Omega Healthcare Investors in the 3rd quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at approximately $33,000. Finally, V Square Quantitative Management LLC raised its holdings in Omega Healthcare Investors by 49.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 323 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

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.