Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) Target Price at $42.00

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $42.00.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial upped their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th.

Institutional Trading of Omega Healthcare Investors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at about $26,000. NBC Securities Inc. acquired a new position in shares of Omega Healthcare Investors in the 1st quarter worth approximately $29,000. Grove Bank & Trust purchased a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $30,000. Dunhill Financial LLC acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at approximately $31,000. Finally, Kentucky Trust Co purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.3 %

OHI stock opened at $37.68 on Tuesday. The stock has a market capitalization of $10.62 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors has a 52 week low of $29.66 and a 52 week high of $44.42. The firm has a 50-day simple moving average of $37.14 and a 200-day simple moving average of $38.57. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

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

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a yield of 7.11%. Omega Healthcare Investors’s payout ratio is 172.90%.

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.