Omega Healthcare Investors, Inc. (NYSE:OHI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.58.

Several equities analysts recently issued reports on the company. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their target price for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $31.00 to $35.00 in a research report on Monday, February 26th. BNP Paribas raised 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 upped their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $30.26 on Tuesday. The business’s fifty day simple moving average is $31.01 and its 200-day simple moving average is $31.17. The company has a market cap of $7.42 billion, a PE ratio of 30.57, a PEG ratio of 9.96 and a beta of 0.91. 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 has a 12-month low of $26.00 and a 12-month high of $34.77.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s payout ratio is currently 270.71%.

Institutional Investors Weigh In On Omega Healthcare Investors

Hedge funds have recently modified their holdings of the company. Jump Financial LLC boosted its stake in shares of Omega Healthcare Investors by 547.8% during the 3rd quarter. Jump Financial LLC now owns 82,311 shares of the real estate investment trust’s stock worth $2,729,000 after acquiring an additional 69,605 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Omega Healthcare Investors by 9.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust’s stock valued at $20,355,000 after buying an additional 58,198 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Omega Healthcare Investors by 0.9% in the 4th quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock valued at $4,367,000 after buying an additional 1,232 shares in the last quarter. Vanguard Group Inc. lifted its stake in Omega Healthcare Investors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after buying an additional 1,003,927 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Omega Healthcare Investors by 6.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 155,078 shares of the real estate investment trust’s stock valued at $4,755,000 after buying an additional 9,473 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.