Omega Healthcare Investors, Inc. (NYSE:OHI) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give OHI a consensus rating of "Moderate Buy" from 13 firms (7 holds, 5 buys, 1 strong buy) with an average 12‑month target of about $47.82 and several recent price‑target increases (Cantor Fitzgerald to $52, Scotiabank/Truist to ~$48, RBC to $47).
• Omega pays a quarterly dividend of $0.67 (annualized $2.68) equating to a 6.0% yield138.86%, indicating distributions exceed current earnings.
• Shares opened at $44.84 with a market cap of $13.25 billion, a P/E of 23.23, a 12‑month range of $35.04–$49.14, and about 65.25% ownership by institutional investors.

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $47.8182.

A number of analysts recently issued reports on the stock. Cantor Fitzgerald increased their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Tuesday, February 10th. Scotiabank lifted their price objective on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company a "sector perform" rating in a report on Monday, March 2nd. Jefferies Financial Group reiterated a "hold" rating and issued a $45.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Royal Bank Of Canada increased their target price on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 10th. Finally, Truist Financial lifted their price target on Omega Healthcare Investors from $46.00 to $48.00 and gave the company a "hold" rating in a research note on Thursday, March 5th.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $44.84 on Tuesday. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.88 and a beta of 0.54. Omega Healthcare Investors has a 12 month low of $35.04 and a 12 month high of $49.14. The firm's 50 day simple moving average is $45.97 and its 200-day simple moving average is $44.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were given a $0.67 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.0%. Omega Healthcare Investors's payout ratio is 138.86%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in Omega Healthcare Investors by 29.4% in the 1st quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust's stock worth $5,496,000 after acquiring an additional 32,798 shares in the last quarter. Focus Partners Wealth lifted its holdings in Omega Healthcare Investors by 3.1% during the first quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust's stock valued at $756,000 after purchasing an additional 597 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Omega Healthcare Investors during the second quarter valued at $257,000. Creative Planning grew its position in shares of Omega Healthcare Investors by 17.7% in the second quarter. Creative Planning now owns 56,254 shares of the real estate investment trust's stock valued at $2,062,000 after purchasing an additional 8,460 shares during the period. Finally, Ensign Peak Advisors Inc grew its position in shares of Omega Healthcare Investors by 5.6% in the second quarter. Ensign Peak Advisors Inc now owns 147,404 shares of the real estate investment trust's stock valued at $5,402,000 after purchasing an additional 7,754 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.