Brokerages Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $47.36

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $47.8182.

Several equities research analysts recently issued reports on the company. Truist Financial increased their price objective on Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group restated a “buy” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a report on Friday, February 6th. Citigroup reaffirmed a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Cantor Fitzgerald increased their target price on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a research note on Monday, December 15th.

Institutional Investors Weigh In On Omega Healthcare Investors

Several institutional investors have recently made changes to their positions in OHI. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at approximately $37,000. CFO Capital Management LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter valued at $375,000. Astoria Portfolio Advisors LLC. acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at $205,000. Kera Capital Partners Inc. lifted its stake in shares of Omega Healthcare Investors by 59.8% in the 4th quarter. Kera Capital Partners Inc. now owns 16,305 shares of the real estate investment trust’s stock valued at $715,000 after purchasing an additional 6,104 shares during the last quarter. Finally, Compound Planning Inc. boosted its holdings in Omega Healthcare Investors by 6.8% in the fourth quarter. Compound Planning Inc. now owns 19,207 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 1,220 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $47.08 on Friday. The company’s fifty day moving average is $45.31 and its two-hundred day moving average is $43.63. The company has a market cap of $13.92 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.53 and a beta of 0.54. Omega Healthcare Investors has a 12-month low of $35.04 and a 12-month high of $49.14. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were paid a $0.67 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a yield of 5.7%. Omega Healthcare Investors’s payout ratio is 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.