Omega Healthcare Investors (NYSE:OHI) Hits New 1-Year High at $33.05

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) reached a new 52-week high on Wednesday . The company traded as high as $33.05 and last traded at $32.61, with a volume of 2181501 shares changing hands. The stock had previously closed at $32.86.

Analyst Ratings Changes

A number of research firms have weighed in on OHI. Wells Fargo & Company increased their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Truist Financial upped their price target on Omega Healthcare Investors from $29.00 to $33.00 in a research report on Wednesday, June 21st. StockNews.com upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Royal Bank of Canada assumed coverage on Omega Healthcare Investors in a research report on Monday. They set a “sector perform” rating and a $33.00 target price for the company. Finally, Berenberg Bank initiated coverage on Omega Healthcare Investors in a research note on Thursday, July 27th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average price target of $31.77.

Omega Healthcare Investors Price Performance

The company has a current ratio of 5.55, a quick ratio of 5.55 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $8.16 billion, a P/E ratio of 32.66 and a beta of 0.99. The stock has a 50 day moving average of $31.73 and a 200-day moving average of $29.63.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend was Friday, July 28th. Omega Healthcare Investors’s dividend payout ratio is currently 262.75%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OHI. Nordwand Advisors LLC purchased a new position in shares of Omega Healthcare Investors in the 1st quarter valued at $27,000. Resurgent Financial Advisors LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $27,000. Point72 Asset Management L.P. purchased a new position in Omega Healthcare Investors during the 2nd quarter worth $32,000. GPS Wealth Strategies Group LLC acquired a new stake in Omega Healthcare Investors during the 1st quarter worth about $34,000. Finally, Islay Capital Management LLC acquired a new stake in Omega Healthcare Investors during the 2nd quarter worth about $38,000. 65.50% of the stock is currently owned by hedge funds and other 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.