Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $39.00

Omega Healthcare Investors (NYSE:OHI) had its target price hoisted by Truist Financial from $38.00 to $39.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the company. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Wells Fargo & Company reduced their price objective on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Mizuho lifted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average target price of $41.44.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $37.61 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. Omega Healthcare Investors has a 52 week low of $29.66 and a 52 week high of $44.42. The firm has a market cap of $10.60 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The firm’s fifty day moving average is $37.07 and its 200-day moving average is $38.90.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Sell-side analysts predict that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.13%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OHI. Oppenheimer Asset Management Inc. increased its holdings in shares of Omega Healthcare Investors by 229.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,901 shares of the real estate investment trust’s stock valued at $932,000 after acquiring an additional 15,958 shares in the last quarter. KBC Group NV increased its stake in Omega Healthcare Investors by 11.7% during the 3rd quarter. KBC Group NV now owns 6,153 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 645 shares in the last quarter. Natixis Advisors LLC raised its holdings in Omega Healthcare Investors by 1.1% during the third quarter. Natixis Advisors LLC now owns 31,711 shares of the real estate investment trust’s stock worth $1,291,000 after buying an additional 331 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Omega Healthcare Investors by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 60,575 shares of the real estate investment trust’s stock valued at $2,465,000 after buying an additional 871 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Omega Healthcare Investors during the third quarter valued at about $514,000. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.