Omega Healthcare Investors, Inc. (NYSE:OHI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.18.

OHI has been the topic of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Mizuho lifted their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective on the stock. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 9th. Finally, Truist Financial lifted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th.

Hedge Funds Weigh In On Omega Healthcare Investors

Several institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Omega Healthcare Investors by 0.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,830 shares of the real estate investment trust’s stock valued at $4,070,000 after acquiring an additional 997 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Omega Healthcare Investors by 8.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,355 shares of the real estate investment trust’s stock valued at $1,553,000 after acquiring an additional 3,397 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Omega Healthcare Investors during the second quarter valued at approximately $145,000. Concurrent Investment Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 32.4% during the second quarter. Concurrent Investment Advisors LLC now owns 23,288 shares of the real estate investment trust’s stock valued at $798,000 after acquiring an additional 5,696 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of Omega Healthcare Investors by 2.7% during the second quarter. Spire Wealth Management now owns 79,614 shares of the real estate investment trust’s stock worth $2,727,000 after purchasing an additional 2,082 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $37.72 on Friday. The stock’s 50-day moving average is $39.98 and its 200-day moving average is $38.35. Omega Healthcare Investors has a 1-year low of $27.53 and a 1-year high of $44.42. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. The stock has a market cap of $10.18 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 annualized dividend and a dividend yield of 7.10%. Omega Healthcare Investors’s payout ratio is 197.06%.

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.