Omega Healthcare Investors (NYSE:OHI) Hits New 1-Year High – Here’s Why

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. BMO Capital Markets lowered shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research note on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of Omega Healthcare Investors in a report on Friday, January 9th. They issued a “buy” rating and a $54.00 price objective for the company. Scotiabank boosted their price target on Omega Healthcare Investors from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. UBS Group reiterated a “buy” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Finally, Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $45.00 in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and an average target price of $47.36.

Omega Healthcare Investors Stock Up 0.2%

The firm has a 50-day moving average of $44.49 and a two-hundred day moving average of $43.02. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.53 and a beta of 0.57. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.78.

Omega Healthcare Investors Announces Dividend

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

Hedge Funds Weigh In On Omega Healthcare Investors

Several large investors have recently bought and sold shares of OHI. Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after purchasing an additional 1,386,887 shares in the last quarter. State Street Corp lifted its holdings in Omega Healthcare Investors by 4.8% during the 2nd quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after purchasing an additional 671,473 shares during the last quarter. Geode Capital Management LLC boosted its position in Omega Healthcare Investors by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust’s stock valued at $377,648,000 after buying an additional 734,774 shares in the last quarter. Invesco Ltd. boosted its position in Omega Healthcare Investors by 101.7% in the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after buying an additional 2,493,877 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Omega Healthcare Investors by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,463,838 shares of the real estate investment trust’s stock worth $197,927,000 after buying an additional 174,062 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.