Omega Healthcare Investors (NYSE:OHI) Hits New 52-Week High Following Analyst Upgrade

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) reached a new 52-week high on Wednesday after Cantor Fitzgerald raised their price target on the stock from $50.00 to $52.00. Cantor Fitzgerald currently has an overweight rating on the stock. Omega Healthcare Investors traded as high as $46.66 and last traded at $47.1260, with a volume of 1437024 shares traded. The stock had previously closed at $45.44.

Other analysts also recently issued research reports about the stock. Citigroup restated a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, December 1st. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $45.00 in a report on Thursday, January 29th. Finally, Scotiabank boosted their target price on Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.36.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of OHI. Bogart Wealth LLC lifted its holdings in shares of Omega Healthcare Investors by 2.3% during the fourth quarter. Bogart Wealth LLC now owns 10,461 shares of the real estate investment trust’s stock worth $464,000 after purchasing an additional 237 shares during the period. GeoWealth Management LLC raised its position in Omega Healthcare Investors by 1.3% during the 3rd quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 239 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Omega Healthcare Investors by 3.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 8,184 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 262 shares during the period. Inscription Capital LLC boosted its holdings in shares of Omega Healthcare Investors by 0.9% in the fourth quarter. Inscription Capital LLC now owns 29,814 shares of the real estate investment trust’s stock valued at $1,322,000 after acquiring an additional 268 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 268 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 3.8%

The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.44 and a beta of 0.57. The business’s 50 day moving average price is $44.38 and its 200-day moving average price is $42.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 7.11.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 138.86%.

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.