Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $33.58 Average Target Price from Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.58.

A number of analysts have commented on the company. Bank of America lowered Omega Healthcare Investors from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research note on Thursday, February 8th. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Finally, Mizuho dropped their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $30.90 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. The stock has a 50 day moving average price of $31.00 and a two-hundred day moving average price of $31.15. The firm has a market capitalization of $7.58 billion, a P/E ratio of 31.21, a P/E/G ratio of 10.05 and a beta of 0.91. Omega Healthcare Investors has a 52 week low of $26.00 and a 52 week high of $34.77.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.67 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.68 annualized dividend and a dividend yield of 8.67%. Omega Healthcare Investors’s payout ratio is currently 270.71%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OHI. Jump Financial LLC increased its stake in Omega Healthcare Investors by 547.8% in the third quarter. Jump Financial LLC now owns 82,311 shares of the real estate investment trust’s stock valued at $2,729,000 after acquiring an additional 69,605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Omega Healthcare Investors by 9.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust’s stock valued at $20,355,000 after acquiring an additional 58,198 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Omega Healthcare Investors by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock valued at $4,367,000 after acquiring an additional 1,232 shares during the last quarter. Vanguard Group Inc. increased its stake in Omega Healthcare Investors by 3.0% in the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after acquiring an additional 1,003,927 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Omega Healthcare Investors by 6.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 155,078 shares of the real estate investment trust’s stock valued at $4,755,000 after acquiring an additional 9,473 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

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.