JMP Securities Reaffirms Market Perform Rating for Omega Healthcare Investors (NYSE:OHI)

JMP Securities reiterated their market perform rating on shares of Omega Healthcare Investors (NYSE:OHI) in a report released on Monday morning, Benzinga reports.

Several other equities analysts have also recently issued reports on the stock. Truist Financial boosted their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a hold rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an equal weight rating to an overweight rating and upped their price objective for the stock from $31.00 to $35.00 in a research report on Monday, February 26th. Citigroup upgraded Omega Healthcare Investors from a neutral rating to a buy rating and raised their target price for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Bank of America cut Omega Healthcare Investors from a buy rating to a neutral rating and reduced their price target for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. Finally, BNP Paribas raised Omega Healthcare Investors from an underperform rating to a neutral rating and set a $30.00 price objective on the stock in a report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $33.63.

Omega Healthcare Investors Stock Down 0.3 %

Shares of OHI stock opened at $30.83 on Monday. Omega Healthcare Investors has a twelve month low of $27.53 and a twelve month high of $34.77. The stock has a market cap of $7.61 billion, a P/E ratio of 27.77, a P/E/G ratio of 10.26 and a beta of 0.92. The stock has a 50 day moving average of $30.95 and a 200 day moving average of $30.94. The company has a current ratio of 6.68, a quick ratio of 6.76 and a debt-to-equity ratio of 1.36.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.69%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s payout ratio is presently 241.44%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Peoples Bank KS acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at $33,000. MeadowBrook Investment Advisors LLC acquired a new position in Omega Healthcare Investors in the fourth quarter valued at about $31,000. NBC Securities Inc. purchased a new position in Omega Healthcare Investors during the third quarter worth about $34,000. GAMMA Investing LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at about $35,000. Finally, WFA Asset Management Corp purchased a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at approximately $39,000. 65.25% of the stock is currently 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.