Omega Healthcare Investors (NYSE:OHI) Given New $48.00 Price Target at Scotiabank

Omega Healthcare Investors (NYSE:OHI) had its price target increased by Scotiabank from $45.00 to $48.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

OHI has been the topic of a number of other research reports. Cantor Fitzgerald upped their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a research note on Monday, December 15th. The Goldman Sachs Group assumed coverage on Omega Healthcare Investors in a report on Friday, January 9th. They issued a “buy” rating and a $54.00 target price for the company. Citigroup restated a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. Finally, Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.64.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $48.13 on Monday. The stock’s 50 day moving average is $45.11 and its 200 day moving average is $43.53. Omega Healthcare Investors has a one year low of $35.04 and a one year high of $49.14. The firm has a market cap of $14.23 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.56 and a beta of 0.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 138.86%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Resources Management Corp CT ADV increased its position in shares of Omega Healthcare Investors by 300.0% during the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 450 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $34,000 after purchasing an additional 268 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Omega Healthcare Investors by 1,654.4% during the 2nd quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 943 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in Omega Healthcare Investors during the 3rd quarter worth approximately $39,000. Finally, Rothschild Investment LLC raised its stake in shares of Omega Healthcare Investors by 283.7% in the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 698 shares during the last quarter. Institutional investors and hedge funds 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.