Omega Healthcare Investors, Inc. (NYSE:OHI) Given Consensus Rating of “Moderate Buy” by Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $33.58.

Several analysts have issued reports on OHI shares. Mizuho cut their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Bank of America lowered Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their target price for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price for the company in a research note on Thursday, February 8th. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. Finally, Truist Financial upped their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd.

Omega Healthcare Investors Stock Up 0.6 %

Shares of NYSE OHI opened at $31.09 on Tuesday. Omega Healthcare Investors has a 12 month low of $26.11 and a 12 month high of $34.77. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 10.12 and a beta of 0.91. The business has a 50-day moving average of $31.01 and a 200-day moving average of $31.11.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 270.71%.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Plan Group Financial LLC bought a new position in shares of Omega Healthcare Investors during the first quarter valued at approximately $311,000. Osborne Partners Capital Management LLC raised its holdings in shares of Omega Healthcare Investors by 1.5% during the first quarter. Osborne Partners Capital Management LLC now owns 179,610 shares of the real estate investment trust’s stock valued at $5,688,000 after acquiring an additional 2,625 shares in the last quarter. Summit Financial LLC bought a new position in shares of Omega Healthcare Investors during the first quarter valued at approximately $778,000. Global Retirement Partners LLC raised its holdings in shares of Omega Healthcare Investors by 2.5% during the first quarter. Global Retirement Partners LLC now owns 16,355 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 400 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Omega Healthcare Investors by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the real estate investment trust’s stock valued at $2,236,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.