Omega Healthcare Investors, Inc. (NYSE:OHI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $41.67.

A number of brokerages have recently commented on OHI. Mizuho lifted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Monday, December 9th. Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 price objective on the stock. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th.

Omega Healthcare Investors Stock Down 3.8 %

Shares of NYSE OHI opened at $36.19 on Thursday. The firm’s 50 day moving average price is $38.47 and its 200 day moving average price is $39.02. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The firm has a market cap of $9.77 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. Omega Healthcare Investors has a 1 year low of $27.53 and a 1 year high of $44.42.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.41%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 197.06%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Omega Healthcare Investors by 0.9% during the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after buying an additional 114,085 shares during the period. Geode Capital Management LLC raised its stake in shares of Omega Healthcare Investors by 3.1% during the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after purchasing an additional 192,465 shares during the period. FMR LLC lifted its position in shares of Omega Healthcare Investors by 9.9% during the third quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock worth $171,625,000 after purchasing an additional 380,626 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Omega Healthcare Investors by 317.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock valued at $160,739,000 after purchasing an additional 3,003,845 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Omega Healthcare Investors by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust’s stock valued at $155,893,000 after purchasing an additional 240,006 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.