Brokerages Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $32.89

Shares of Omega Healthcare Investors, Inc. (NYSE:OHIGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.50.

Several equities analysts have recently commented on OHI shares. Mizuho lowered their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $31.00 to $35.00 in a research report on Monday, February 26th. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research report on Thursday, February 8th. Finally, Truist Financial lowered their target price on Omega Healthcare Investors from $34.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, December 26th.

Check Out Our Latest Stock Analysis on OHI

Omega Healthcare Investors Stock Up 2.0 %

NYSE:OHI opened at $31.67 on Friday. The firm has a market capitalization of $7.77 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 10.43 and a beta of 0.92. The stock has a 50 day moving average of $30.47 and a 200-day moving average of $31.43. Omega Healthcare Investors has a 52 week low of $26.00 and a 52 week high of $34.77. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, February 2nd. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 annualized dividend and a dividend yield of 8.46%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 270.71%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several large investors have recently modified their holdings of OHI. Qube Research & Technologies Ltd bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth $25,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter worth $27,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter worth $31,000. Point72 Asset Management L.P. acquired a new stake in shares of Omega Healthcare Investors in the second quarter worth $32,000. Finally, Peoples Bank KS acquired a new stake in shares of Omega Healthcare Investors in the third quarter worth $33,000. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Company Profile

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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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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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