Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $47.00

Omega Healthcare Investors (NYSE:OHI) had its target price boosted by Wells Fargo & Company from $45.00 to $47.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on OHI. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Scotiabank lifted their price objective on Omega Healthcare Investors from $45.00 to $48.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Royal Bank Of Canada upped their price objective on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 10th. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, March 20th. Finally, Cantor Fitzgerald lifted 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 note on Tuesday, February 10th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.00.

Omega Healthcare Investors Trading Up 0.0%

NYSE:OHI opened at $44.55 on Thursday. Omega Healthcare Investors has a 12 month low of $35.04 and a 12 month high of $49.14. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $45.98 and its 200 day moving average is $44.11. The stock has a market capitalization of $13.17 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.54.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s payout ratio is presently 138.86%.

Institutional Trading of Omega Healthcare Investors

Several institutional investors and hedge funds have recently modified their holdings of the business. Resources Management Corp CT ADV grew its holdings in shares of Omega Healthcare Investors by 300.0% during the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 450 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in 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 purchasing an additional 268 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $37,000. Salem Investment Counselors Inc. bought a new stake in Omega Healthcare Investors during the third quarter valued at approximately $39,000. Finally, Rothschild Investment LLC lifted its position in Omega Healthcare Investors by 283.7% during the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 698 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.