Omega Healthcare Investors (NYSE:OHI) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Omega Healthcare Investors (NYSE:OHI) from a neutral rating to a buy rating in a report issued on Friday, Marketbeat reports. They currently have $35.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $32.00.

A number of other research analysts have also commented on the company. Wells Fargo & Company upgraded Omega Healthcare Investors from an equal weight rating to an overweight rating and upped their target price for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a buy rating and a $36.00 target price for the company. Truist Financial cut their target price on Omega Healthcare Investors from $34.00 to $31.00 and set a hold rating for the company in a research note on Tuesday, December 26th. Mizuho cut their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a buy rating for the company in a research note on Wednesday, January 3rd. Finally, Bank of America lowered Omega Healthcare Investors from a buy rating to a neutral rating and dropped their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $32.89.

Omega Healthcare Investors Price Performance

OHI opened at $30.98 on Friday. Omega Healthcare Investors has a 1-year low of $26.00 and a 1-year high of $34.77. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 10.20 and a beta of 0.92. The business has a 50 day moving average of $30.34 and a 200-day moving average of $31.46.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were issued a $0.67 dividend. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.68 annualized dividend and a yield of 8.65%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 270.71%.

Hedge Funds Weigh In On Omega Healthcare Investors

Several hedge funds have recently added to or reduced their stakes in OHI. US Bancorp DE boosted its holdings in Omega Healthcare Investors by 6.6% in the first quarter. US Bancorp DE now owns 20,517 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 1,270 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Omega Healthcare Investors by 5.6% during the first quarter. Great West Life Assurance Co. Can now owns 326,488 shares of the real estate investment trust’s stock worth $10,510,000 after buying an additional 17,447 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Omega Healthcare Investors by 13.1% during the first quarter. Cetera Investment Advisers now owns 67,846 shares of the real estate investment trust’s stock worth $2,114,000 after buying an additional 7,873 shares during the last quarter. Moors & Cabot Inc. bought a new position in Omega Healthcare Investors during the first quarter worth about $248,000. Finally, Baird Financial Group Inc. boosted its holdings in Omega Healthcare Investors by 5.3% during the first quarter. Baird Financial Group Inc. now owns 184,776 shares of the real estate investment trust’s stock worth $5,758,000 after buying an additional 9,270 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.