Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $40.18

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

A number of research analysts have weighed in on OHI shares. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, October 31st. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 9th. Wells Fargo & Company restated an “overweight” rating and set a $43.00 target price (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. 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 target for the company. Finally, Truist Financial lifted their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th.

Omega Healthcare Investors Price Performance

OHI opened at $37.85 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The stock has a market capitalization of $10.22 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The stock’s 50 day moving average price is $39.84 and its 200-day moving average price is $38.47. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $44.42.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 annualized dividend and a dividend yield of 7.08%. Omega Healthcare Investors’s dividend payout ratio is presently 197.06%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several institutional investors and hedge funds have recently made changes to their positions in OHI. Allworth Financial LP boosted its stake in Omega Healthcare Investors by 12.0% during the 3rd quarter. Allworth Financial LP now owns 2,276 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 244 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Omega Healthcare Investors by 29.4% during the third quarter. Venturi Wealth Management LLC now owns 1,259 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 286 shares during the last quarter. NCP Inc. boosted its position in shares of Omega Healthcare Investors by 10.3% during the second quarter. NCP Inc. now owns 3,310 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 310 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in Omega Healthcare Investors by 49.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 323 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in Omega Healthcare Investors by 1.1% in the 3rd 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. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.