Analysts Set Omega Healthcare Investors, Inc. (NYSE:OHI) Price Target at $41.44

Omega Healthcare Investors, Inc. (NYSE:OHI) has received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $41.44.

Several research firms have issued reports on OHI. Truist Financial increased their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company dropped their target price on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, December 9th. Finally, Mizuho upped 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.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $38.17 on Friday. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.09 and a beta of 1.00. The business’s 50 day simple moving average is $37.07 and its 200 day simple moving average is $38.92. Omega Healthcare Investors has a 12 month low of $29.66 and a 12 month high of $44.42. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.

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

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $0.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.02%. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OHI. Janney Montgomery Scott LLC increased its stake in Omega Healthcare Investors by 1.7% in the third quarter. Janney Montgomery Scott LLC now owns 31,493 shares of the real estate investment trust’s stock valued at $1,282,000 after acquiring an additional 526 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Omega Healthcare Investors by 29.4% in 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 acquiring an additional 286 shares during the last quarter. Entropy Technologies LP increased its stake in Omega Healthcare Investors by 84.3% in the third quarter. Entropy Technologies LP now owns 16,280 shares of the real estate investment trust’s stock valued at $663,000 after acquiring an additional 7,448 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Omega Healthcare Investors by 2.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 282,208 shares of the real estate investment trust’s stock valued at $11,486,000 after acquiring an additional 8,072 shares during the last quarter. Finally, MQS Management LLC bought a new position in Omega Healthcare Investors in the third quarter valued at $351,000. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.