Omega Healthcare Investors (NYSE:OHI) Hits New 52-Week High – Still a Buy?

Omega Healthcare Investors, Inc. (NYSE:OHI)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $47.94 and last traded at $47.6620, with a volume of 104360 shares. The stock had previously closed at $47.40.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OHI shares. Jefferies Financial Group restated a “hold” rating and set a $45.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Truist Financial raised their target price on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, December 1st. 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 report on Friday, January 9th. Weiss Ratings raised Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Finally, Cantor Fitzgerald lifted their target price on Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and a consensus target price of $47.36.

Omega Healthcare Investors Stock Performance

The stock has a market capitalization of $14.04 billion, a PE ratio of 24.59, a P/E/G ratio of 1.53 and a beta of 0.57. 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 firm has a 50 day moving average of $44.49 and a 200-day moving average of $43.02.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 138.86%.

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Omega Healthcare Investors by 29.4% during the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock worth $5,496,000 after acquiring an additional 32,798 shares in the last quarter. Focus Partners Wealth increased its position in Omega Healthcare Investors by 3.1% in the 1st quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock worth $756,000 after purchasing an additional 597 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter worth about $257,000. CWM LLC raised its stake in shares of Omega Healthcare Investors by 67.6% during the 2nd quarter. CWM LLC now owns 39,545 shares of the real estate investment trust’s stock worth $1,449,000 after purchasing an additional 15,947 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $552,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.