Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.89.

A number of research firms have issued reports on OHI. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $31.00 to $35.00 in a report on Monday, February 26th. BNP Paribas raised shares of Omega Healthcare Investors from an "underperform" rating to a "neutral" rating and set a $30.00 target price for the company in a report on Thursday, February 8th. Citigroup raised shares of Omega Healthcare Investors from a "neutral" rating to a "buy" rating and raised their target price for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Truist Financial reduced their target price on shares of Omega Healthcare Investors from $34.00 to $31.00 and set a "hold" rating for the company in a report on Tuesday, December 26th. Finally, Bank of America cut shares of Omega Healthcare Investors from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th.

Institutional Trading of Omega Healthcare Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of 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 purchasing an additional 1,270 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Omega Healthcare Investors by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 326,488 shares of the real estate investment trust's stock valued at $10,510,000 after purchasing an additional 17,447 shares during the period. Cetera Investment Advisers grew its position in shares of Omega Healthcare Investors by 13.1% in the first quarter. Cetera Investment Advisers now owns 67,846 shares of the real estate investment trust's stock valued at $2,114,000 after purchasing an additional 7,873 shares during the period. Moors & Cabot Inc. acquired a new stake in shares of Omega Healthcare Investors in the first quarter valued at about $248,000. Finally, Baird Financial Group Inc. grew its position in shares of Omega Healthcare Investors by 5.3% in the first quarter. Baird Financial Group Inc. now owns 184,776 shares of the real estate investment trust's stock valued at $5,758,000 after purchasing an additional 9,270 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI traded up $0.62 during midday trading on Friday, reaching $31.67. The company had a trading volume of 1,694,681 shares, compared to its average volume of 1,547,983. The business's 50-day simple moving average is $30.47 and its 200 day simple moving average is $31.44. The stock has a market cap of $7.77 billion, a P/E ratio of 31.99, a P/E/G ratio of 10.23 and a beta of 0.92. 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.

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 given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 8.46%. The ex-dividend date was Friday, February 2nd. This is a positive change from Omega Healthcare Investors's previous quarterly dividend of $0.18. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 270.71%.

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.