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

Omega Healthcare Investors (NYSE:OHI) had its price objective upped by Scotiabank from $32.00 to $33.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Truist Financial increased their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a hold rating in a research note on Wednesday, June 26th. Citigroup raised Omega Healthcare Investors from a neutral rating to a buy rating and increased their price objective for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. JMP Securities reissued a market perform rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Finally, Wells Fargo & Company raised Omega Healthcare Investors to a strong-buy rating in a research note on Friday, June 14th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $33.65.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $34.41 on Tuesday. The company has a market cap of $8.50 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97. Omega Healthcare Investors has a 52 week low of $27.53 and a 52 week high of $34.77. The business has a 50 day moving average price of $32.26 and a 200-day moving average price of $31.15. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.79%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Hedge Funds Weigh In On Omega Healthcare Investors

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Omega Healthcare Investors by 0.5% during the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after purchasing an additional 165,105 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Omega Healthcare Investors by 36.6% in the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after acquiring an additional 960,997 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Omega Healthcare Investors by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock worth $107,358,000 after acquiring an additional 40,999 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Omega Healthcare Investors by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock worth $90,403,000 after acquiring an additional 124,483 shares during the period. Finally, Norges Bank bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth $61,698,000. 65.25% of the stock is owned by institutional investors.

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.