Omega Healthcare Investors (NYSE:OHI) Rating Increased to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Omega Healthcare Investors (NYSE:OHI - Free Report) from an equal weight rating to an overweight rating in a report issued on Monday morning, Marketbeat reports. They currently have $41.00 price objective on the real estate investment trust's stock, up from their prior price objective of $38.00.

Separately, Truist Financial upped their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average price target of $42.25.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI traded down $0.21 during trading on Monday, reaching $37.78. The stock had a trading volume of 865,790 shares, compared to its average volume of 2,117,028. Omega Healthcare Investors has a one year low of $35.04 and a one year high of $44.42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The stock has a market cap of $10.93 billion, a PE ratio of 23.43, a P/E/G ratio of 2.62 and a beta of 0.68. The firm's 50 day moving average price is $36.80 and its two-hundred day moving average price is $37.16.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. On average, research analysts forecast that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.09%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's payout ratio is currently 166.46%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several institutional investors have recently bought and sold shares of OHI. NBC Securities Inc. acquired a new stake in Omega Healthcare Investors in the first quarter worth about $29,000. Loomis Sayles & Co. L P lifted its holdings in shares of Omega Healthcare Investors by 27.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 319 shares during the period. Dunhill Financial LLC lifted its holdings in shares of Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 750 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Omega Healthcare Investors by 177.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,009 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at $61,000. Institutional investors and hedge funds own 65.25% of the company's stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.