Omega Healthcare Investors (NYSE:OHI) PT Raised to $33.00

Omega Healthcare Investors (NYSE:OHI) had its target price upped by Scotiabank from $32.00 to $33.00 in a report published on Tuesday morning, Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the company. Citigroup upgraded Omega Healthcare Investors from a neutral rating to a buy rating and boosted their price target for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. JMP Securities reaffirmed a market perform rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Truist Financial lifted their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a hold rating in a report on Wednesday, June 26th. Finally, Wells Fargo & Company raised Omega Healthcare Investors to a strong-buy rating in a report on Friday, June 14th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $33.65.

Omega Healthcare Investors Stock Up 0.2 %

OHI stock opened at $34.49 on Tuesday. Omega Healthcare Investors has a 1-year low of $27.53 and a 1-year high of $34.80. The business has a fifty day moving average price of $32.32 and a 200-day moving average price of $31.18. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The stock has a market capitalization of $8.52 billion, a P/E ratio of 31.07, a P/E/G ratio of 1.26 and a beta of 0.97.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of hedge funds have recently made changes to their positions in the business. Left Brain Wealth Management LLC boosted its stake in shares of Omega Healthcare Investors by 2.0% in the fourth quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 335 shares during the period. Tidal Investments LLC boosted its stake in shares of Omega Healthcare Investors by 2.5% in the first quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 348 shares during the period. Royal Fund Management LLC boosted its stake in shares of Omega Healthcare Investors by 1.0% in the fourth quarter. Royal Fund Management LLC now owns 35,656 shares of the real estate investment trust’s stock worth $1,093,000 after acquiring an additional 369 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Omega Healthcare Investors by 11.5% in the fourth quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 394 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Omega Healthcare Investors by 2.5% in the first quarter. Global Retirement Partners LLC now owns 16,355 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 400 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

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.