Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $32.68 Average Price Target from Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHIGet Free Report) has earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $32.25.

Several analysts have weighed in on the stock. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research note on Thursday, February 8th. Truist Financial lowered their price target on shares of Omega Healthcare Investors from $34.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, December 26th. Wells Fargo & Company lowered their price target on shares of Omega Healthcare Investors from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, November 27th. Mizuho lowered their price objective on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Finally, Bank of America lowered shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th.

Read Our Latest Report on OHI

Institutional Trading of Omega Healthcare Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Belpointe Asset Management LLC boosted its stake in shares of Omega Healthcare Investors by 2.5% in the 1st quarter. Belpointe Asset Management LLC now owns 14,406 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 356 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Omega Healthcare Investors by 3.9% in the 2nd quarter. CreativeOne Wealth LLC now owns 9,530 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 356 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Omega Healthcare Investors by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 10,320 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 364 shares during the last quarter. Royal Fund Management LLC boosted its stake in shares of Omega Healthcare Investors by 1.0% in the 4th quarter. Royal Fund Management LLC now owns 35,656 shares of the real estate investment trust’s stock valued at $1,093,000 after purchasing an additional 369 shares during the last quarter. Finally, Choreo LLC boosted its stake in shares of Omega Healthcare Investors by 3.5% in the 3rd quarter. Choreo LLC now owns 11,368 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 381 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $30.84 on Thursday. The stock has a market cap of $7.55 billion, a P/E ratio of 31.15, a PEG ratio of 10.93 and a beta of 0.89. The company’s 50-day simple moving average is $30.15 and its 200 day simple moving average is $31.53. Omega Healthcare Investors has a twelve month low of $25.61 and a twelve month high of $34.77. The company has a quick ratio of 6.99, a current ratio of 6.76 and a debt-to-equity ratio of 1.35.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date is Friday, February 2nd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s dividend payout ratio is 270.71%.

Omega Healthcare Investors Company Profile

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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.

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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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