Brokerages Set Omega Healthcare Investors, Inc. (NYSE:OHI) PT at $34.89

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have earned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.89.

Several research firms recently weighed in on OHI. Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $35.00 in a research note on Thursday, July 25th. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Scotiabank upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of large investors have recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at $26,000. WFA Asset Management Corp acquired a new position in Omega Healthcare Investors in the first quarter valued at $39,000. Covestor Ltd increased its stake in Omega Healthcare Investors by 47.6% during the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 431 shares during the last quarter. Highlander Capital Management LLC increased its stake in Omega Healthcare Investors by 52.0% during the first quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 650 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Omega Healthcare Investors by 93.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,181 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $40.46 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.79 and a current ratio of 5.79. Omega Healthcare Investors has a one year low of $27.53 and a one year high of $41.53. The firm has a market capitalization of $10.00 billion, a P/E ratio of 36.45, a PEG ratio of 1.32 and a beta of 1.00. The company’s fifty day moving average is $38.54 and its two-hundred day moving average is $34.18.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The company had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $205.92 million. During the same period in the prior year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts forecast that Omega Healthcare Investors will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a yield of 6.62%. Omega Healthcare Investors’s payout ratio is 241.44%.

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.