Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $48.00.

A number of brokerages recently weighed in on OHI. BMO Capital Markets cut Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research note on Friday, January 9th. Scotiabank upped their price objective on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. The Goldman Sachs Group initiated coverage on shares of Omega Healthcare Investors in a report on Friday, January 9th. They issued a “buy” rating and a $54.00 target price for the company. UBS Group reissued a “buy” rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Finally, Jefferies Financial Group restated a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a report on Monday, December 15th.

Omega Healthcare Investors Stock Performance

OHI opened at $44.09 on Tuesday. The firm has a market cap of $13.03 billion, a PE ratio of 22.84, a P/E/G ratio of 1.87 and a beta of 0.54. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $45.97 and a 200-day simple moving average of $44.13. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $49.14.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.1%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s payout ratio is presently 138.86%.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Omega Healthcare Investors during the fourth quarter valued at $156,166,000. Invesco Ltd. lifted its stake in Omega Healthcare Investors by 101.7% in the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after acquiring an additional 2,493,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Omega Healthcare Investors during the 4th quarter worth about $93,476,000. Hudson Bay Capital Management LP acquired a new stake in Omega Healthcare Investors during the 2nd quarter worth about $71,312,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in Omega Healthcare Investors by 327.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,222,799 shares of the real estate investment trust’s stock valued at $98,559,000 after acquiring an additional 1,702,846 shares in the last quarter. Hedge funds and other 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.