Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $33.00

Omega Healthcare Investors (NYSE:OHI) had its target price hoisted by Truist Financial from $32.00 to $33.00 in a report issued on Wednesday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

OHI has been the topic of a number of other research reports. Wells Fargo & Company raised Omega Healthcare Investors to a strong-buy rating in a report on Friday, June 14th. Citigroup raised Omega Healthcare Investors from a neutral rating to a buy rating and boosted their price target for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. Finally, JMP Securities reissued a market perform rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $33.71.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $34.25 on Wednesday. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $34.77. The business’s 50-day moving average price is $31.69 and its 200 day moving average price is $30.97. The firm has a market cap of $8.46 billion, a P/E ratio of 30.86, a P/E/G ratio of 1.22 and a beta of 0.96.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.67 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.68 annualized dividend and a yield of 7.82%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Left Brain Wealth Management LLC raised its holdings in Omega Healthcare Investors by 2.0% in the 4th quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock valued at $532,000 after acquiring an additional 335 shares during the last quarter. Tidal Investments LLC raised its holdings in Omega Healthcare Investors by 2.5% in the 1st quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust’s stock valued at $454,000 after acquiring an additional 348 shares during the last quarter. Royal Fund Management LLC raised its holdings in Omega Healthcare Investors by 1.0% in the 4th quarter. Royal Fund Management LLC now owns 35,656 shares of the real estate investment trust’s stock valued at $1,093,000 after acquiring an additional 369 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Omega Healthcare Investors by 11.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 394 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Omega Healthcare Investors by 2.5% in the 1st quarter. Global Retirement Partners LLC now owns 16,355 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 400 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.