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

Omega Healthcare Investors, Inc. (NYSE:OHI) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $40.18.

Several analysts have weighed in on OHI shares. Berenberg Bank assumed coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective for the company. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a report on Thursday, October 31st. 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. Wells Fargo & Company reaffirmed an “overweight” rating and set a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada raised their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th.

Institutional Investors Weigh In On Omega Healthcare Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at $329,000. GAMMA Investing LLC boosted its stake in Omega Healthcare Investors by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 4,004 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 504 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Omega Healthcare Investors by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 1,995,825 shares of the real estate investment trust’s stock worth $81,230,000 after acquiring an additional 103,010 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Omega Healthcare Investors by 2.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,450 shares of the real estate investment trust’s stock worth $1,544,000 after purchasing an additional 934 shares during the period. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of Omega Healthcare Investors during the third quarter valued at approximately $228,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $38.33 on Friday. The firm has a fifty day simple moving average of $39.62 and a two-hundred day simple moving average of $38.50. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10. Omega Healthcare Investors has a twelve month low of $27.53 and a twelve month high of $44.42. The company has a market capitalization of $10.35 billion, a PE ratio of 28.18, a P/E/G ratio of 1.22 and a beta of 0.99.

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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s payout ratio is presently 197.06%.

Omega Healthcare Investors Company Profile

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.