Omega Healthcare Investors (NYSE:OHI) Reaches New 52-Week High on Analyst Upgrade

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) hit a new 52-week high during trading on Wednesday after Cantor Fitzgerald raised their price target on the stock from $50.00 to $52.00. Cantor Fitzgerald currently has an overweight rating on the stock. Omega Healthcare Investors traded as high as $46.66 and last traded at $47.1260, with a volume of 1437024 shares traded. The stock had previously closed at $45.44.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $45.00 in a research report on Thursday, January 29th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. UBS Group restated a “buy” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Royal Bank Of Canada upped their price objective on Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Jefferies Financial Group restated a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.36.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Omega Healthcare Investors by 3.4% in the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after acquiring an additional 1,386,887 shares in the last quarter. State Street Corp boosted its holdings in Omega Healthcare Investors by 4.8% in the 2nd quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after purchasing an additional 671,473 shares during the period. Geode Capital Management LLC grew its position in shares of Omega Healthcare Investors by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust’s stock worth $377,648,000 after purchasing an additional 734,774 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Omega Healthcare Investors by 101.7% during the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Omega Healthcare Investors by 18.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,457,975 shares of the real estate investment trust’s stock valued at $197,667,000 after buying an additional 696,759 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 0.6%

The firm has a market capitalization of $13.91 billion, a P/E ratio of 24.38, a PEG ratio of 1.51 and a beta of 0.57. The company has a quick ratio of 7.11, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average of $44.42 and a 200-day moving average of $42.85.

Omega Healthcare Investors Announces Dividend

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

Omega Healthcare Investors Company Profile

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.