Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $47.36

Omega Healthcare Investors, Inc. (NYSE:OHI) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $47.3636.

Several brokerages have recently commented on OHI. UBS Group reaffirmed a “buy” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $45.00 in a research note on Thursday, January 29th. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Cantor Fitzgerald upped their price objective on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Omega Healthcare Investors in a research report on Friday, January 9th. They set a “buy” rating and a $54.00 price objective on the stock.

Omega Healthcare Investors Trading Up 0.5%

Shares of OHI stock opened at $48.32 on Friday. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $49.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. The stock has a 50 day simple moving average of $45.02 and a two-hundred day simple moving average of $43.48. The company has a market cap of $14.28 billion, a P/E ratio of 25.03, a PEG ratio of 1.56 and a beta of 0.54.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $0.67 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 5.5%. Omega Healthcare Investors’s dividend payout ratio is presently 138.86%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of OHI. Mutual Advisors LLC boosted its stake in Omega Healthcare Investors by 8.5% during the 3rd quarter. Mutual Advisors LLC now owns 327,383 shares of the real estate investment trust’s stock valued at $13,321,000 after purchasing an additional 25,565 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Omega Healthcare Investors by 6.8% in the third quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock worth $158,799,000 after purchasing an additional 239,134 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Omega Healthcare Investors in the third quarter valued at approximately $1,014,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Omega Healthcare Investors by 30.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 390,482 shares of the real estate investment trust’s stock valued at $16,486,000 after buying an additional 90,134 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Omega Healthcare Investors by 77.9% during the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock worth $144,278,000 after buying an additional 1,496,059 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.