Omega Healthcare Investors (NYSE:OHI) Hits New 12-Month High at $38.64

Omega Healthcare Investors, Inc. (NYSE:OHI)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $38.64 and last traded at $38.53, with a volume of 96144 shares trading hands. The stock had previously closed at $36.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OHI shares. Truist Financial increased their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Thursday, July 25th. Finally, Scotiabank upped their price target on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $33.67.

Omega Healthcare Investors Stock Up 4.4 %

The company has a market capitalization of $9.47 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 1.42 and a beta of 0.97. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average of $33.77 and a two-hundred day moving average of $31.72.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date is Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Omega Healthcare Investors during the second quarter worth about $26,000. MeadowBrook Investment Advisors LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at approximately $31,000. GAMMA Investing LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at approximately $35,000. WFA Asset Management Corp acquired a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at approximately $39,000. Finally, Highlander Capital Management LLC lifted its position in shares of Omega Healthcare Investors by 150.0% during the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 750 shares during the period. 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.