Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Average Rating of “Moderate Buy” from Brokerages

Omega Healthcare Investors, Inc. (NYSE:OHI) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $47.3636.

OHI has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They set a “buy” rating and a $54.00 price objective for the company. Jefferies Financial Group reissued a “hold” rating and issued a $45.00 price target on shares of Omega Healthcare Investors in a report on Monday, December 15th. Scotiabank boosted their price target on shares of Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. UBS Group reaffirmed a “buy” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a report on Friday, February 6th. Finally, Truist Financial increased their price objective on Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, December 1st.

Omega Healthcare Investors Trading Up 1.3%

Shares of OHI opened at $48.10 on Friday. The business’s 50-day moving average price is $44.94 and its 200-day moving average price is $43.38. Omega Healthcare Investors has a twelve month low of $35.04 and a twelve month high of $48.11. The stock has a market cap of $14.22 billion, a PE ratio of 24.92, a P/E/G ratio of 1.53 and a beta of 0.57. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 138.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mutual Advisors LLC increased its position in shares of Omega Healthcare Investors by 8.5% during the 3rd quarter. Mutual Advisors LLC now owns 327,383 shares of the real estate investment trust’s stock valued at $13,321,000 after purchasing an additional 25,565 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Omega Healthcare Investors by 6.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock worth $158,799,000 after buying an additional 239,134 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in Omega Healthcare Investors in the third quarter worth approximately $1,014,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Omega Healthcare Investors by 30.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 390,482 shares of the real estate investment trust’s stock worth $16,486,000 after buying an additional 90,134 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Omega Healthcare Investors by 765.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 86,651 shares of the real estate investment trust’s stock valued at $3,658,000 after acquiring an additional 76,634 shares during the last quarter. 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.