Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $48.00 at Truist Financial

Omega Healthcare Investors (NYSE:OHI) had its price objective lifted by Truist Financial from $46.00 to $48.00 in a research note released on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

OHI has been the subject of several other research reports. Cantor Fitzgerald boosted their price target 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. Jefferies Financial Group restated a “hold” rating and issued a $45.00 price objective on shares of Omega Healthcare Investors in a report on Monday, December 15th. The Goldman Sachs Group started coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They set a “buy” rating and a $54.00 target price for the company. Citigroup restated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $45.00 in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and an average target price of $47.82.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $47.08 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. The firm has a market cap of $13.92 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.53 and a beta of 0.54. The firm’s 50 day moving average price is $45.31 and its 200-day moving average price is $43.63. Omega Healthcare Investors has a one year low of $35.04 and a one year high of $49.14.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a $0.67 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.7%. Omega Healthcare Investors’s payout ratio is 138.86%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Resources Management Corp CT ADV boosted its position in shares of Omega Healthcare Investors by 300.0% during the 4th 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 increased its holdings in shares of Omega Healthcare Investors by 40.9% in the 2nd 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. CENTRAL TRUST Co lifted its stake in shares of Omega Healthcare Investors by 1,654.4% in the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 943 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Omega Healthcare Investors during the fourth quarter worth about $37,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Omega Healthcare Investors during the third quarter worth about $39,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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.