Omega Healthcare Investors (NYSE:OHI) Given New $44.00 Price Target at Royal Bank Of Canada

Omega Healthcare Investors (NYSE:OHI) had its target price hoisted by Royal Bank Of Canada from $41.00 to $44.00 in a research report report published on Thursday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on OHI. Weiss Ratings restated a “buy (b)” rating on shares of Omega Healthcare Investors in a report on Wednesday, October 8th. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Wells Fargo & Company upped their price objective on Omega Healthcare Investors from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Cantor Fitzgerald started coverage on Omega Healthcare Investors in a report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 target price for the company. Finally, Mizuho upped their price target on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.29.

Omega Healthcare Investors Trading Up 2.1%

NYSE:OHI traded up $0.91 during trading hours on Thursday, reaching $43.54. 1,775,261 shares of the stock were exchanged, compared to its average volume of 2,243,108. Omega Healthcare Investors has a twelve month low of $35.04 and a twelve month high of $43.62. The business has a 50-day moving average of $41.52 and a two-hundred day moving average of $39.27. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 1.85 and a beta of 0.69. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The firm had revenue of $260.74 million for the quarter, compared to the consensus estimate of $262.48 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. On average, equities analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.67 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 6.2%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 149.72%.

Insider Transactions at Omega Healthcare Investors

In other Omega Healthcare Investors news, CEO C Taylor Pickett acquired 20,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $43.14 per share, with a total value of $862,800.00. Following the transaction, the chief executive officer owned 20,000 shares in the company, valued at $862,800. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Vikas Gupta acquired 11,500 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the acquisition, the executive owned 13,773 shares in the company, valued at approximately $591,825.81. The trade was a 505.94% increase in their position. The SEC filing for this purchase provides additional information. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter valued at $26,000. Smartleaf Asset Management LLC raised its stake in Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares in the last quarter. CENTRAL TRUST Co lifted its position in Omega Healthcare Investors by 1,654.4% in the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 943 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in Omega Healthcare Investors in the third quarter valued at $39,000. Finally, Bayforest Capital Ltd boosted its stake in Omega Healthcare Investors by 395.2% in the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 901 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.