Shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Get Free Report) have been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.25.
Several analysts have issued reports on OHI shares. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $33.00 to $31.00 in a report on Tuesday, January 16th. Wells Fargo & Company dropped their target price on Omega Healthcare Investors from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Monday, November 27th. Deutsche Bank Aktiengesellschaft started coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 target price for the company. StockNews.com upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Finally, Truist Financial dropped their target price on Omega Healthcare Investors from $34.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, December 26th.
Omega Healthcare Investors Stock Up 3.4 %
Omega Healthcare Investors Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.66%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s dividend payout ratio is presently 270.71%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in OHI. Qube Research & Technologies Ltd purchased a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $25,000. Resurgent Financial Advisors LLC purchased a new position in shares of Omega Healthcare Investors in the 4th quarter valued at about $27,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Omega Healthcare Investors in the 4th quarter valued at about $31,000. Point72 Asset Management L.P. purchased a new position in shares of Omega Healthcare Investors in the 2nd quarter valued at about $32,000. Finally, Peoples Bank KS purchased a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.
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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