Brokerages Set Omega Healthcare Investors, Inc. (NYSE:OHI) PT at $33.58

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat 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 price objective among analysts that have issued a report on the stock in the last year is $33.58.

OHI has been the subject of a number of research reports. Bank of America lowered shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective for the company. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research report on Thursday, February 8th. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $35.00 in a research report on Monday, February 26th. Finally, Truist Financial boosted their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peoples Bank KS acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $33,000. MeadowBrook Investment Advisors LLC acquired a new position in Omega Healthcare Investors in the fourth quarter valued at approximately $31,000. NBC Securities Inc. purchased a new stake in Omega Healthcare Investors in the 3rd quarter worth approximately $34,000. GAMMA Investing LLC acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth approximately $35,000. Finally, WFA Asset Management Corp purchased a new position in shares of Omega Healthcare Investors during the 1st quarter valued at approximately $39,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $30.78 on Tuesday. The firm’s 50 day simple moving average is $31.00 and its 200-day simple moving average is $31.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. Omega Healthcare Investors has a one year low of $26.11 and a one year high of $34.77. The firm has a market cap of $7.60 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 10.18 and a beta of 0.91.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed 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. This represents a $2.68 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 270.71%.

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.