Shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Get Free Report) 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
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.
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