Omega Healthcare Investors (NYSE:OHI) Sets New 12-Month High at $36.24

Omega Healthcare Investors, Inc. (NYSE:OHI) shares hit a new 52-week high on Monday . The company traded as high as $36.24 and last traded at $36.17, with a volume of 283430 shares trading hands. The stock had previously closed at $35.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OHI shares. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Scotiabank increased their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 9th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus target price of $33.65.

Omega Healthcare Investors Stock Up 1.1 %

The company has a current ratio of 6.68, a quick ratio of 6.68 and a debt-to-equity ratio of 1.36. The stock has a 50 day simple moving average of $32.80 and a 200 day simple moving average of $31.36. The firm has a market capitalization of $8.97 billion, a PE ratio of 32.72, a PEG ratio of 1.40 and a beta of 0.97.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Omega Healthcare Investors by 9.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust’s stock worth $20,355,000 after buying an additional 58,198 shares during the period. State of Alaska Department of Revenue boosted its holdings in Omega Healthcare Investors by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock valued at $4,367,000 after acquiring an additional 1,232 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Omega Healthcare Investors by 96.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 10,714 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Omega Healthcare Investors by 6.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 155,078 shares of the real estate investment trust’s stock valued at $4,755,000 after purchasing an additional 9,473 shares during the period. Finally, Slagle Financial LLC raised its holdings in Omega Healthcare Investors by 102.1% in the 4th quarter. Slagle Financial LLC now owns 94,586 shares of the real estate investment trust’s stock worth $2,900,000 after purchasing an additional 47,785 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.