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

Omega Healthcare Investors, Inc. (NYSE:OHI) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $41.10.

OHI has been the topic of a number of research analyst reports. 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 report on Monday, November 11th. BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, October 31st. Berenberg Bank initiated coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective for the company. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Monday, December 9th. Finally, Mizuho boosted their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $36.96 on Thursday. Omega Healthcare Investors has a 12-month low of $27.53 and a 12-month high of $44.42. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. The company has a market cap of $9.98 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The stock has a 50-day moving average price of $38.71 and a 200-day moving average price of $38.91.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 197.06%.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OHI. Daiwa Securities Group Inc. grew its position in shares of Omega Healthcare Investors by 317.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock worth $160,739,000 after buying an additional 3,003,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Omega Healthcare Investors by 328.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,661,964 shares of the real estate investment trust’s stock valued at $67,642,000 after acquiring an additional 1,274,238 shares in the last quarter. Marshall Wace LLP purchased a new position in Omega Healthcare Investors during the 2nd quarter valued at $20,962,000. FMR LLC raised its holdings in Omega Healthcare Investors by 9.9% in the 3rd 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. Finally, Franklin Resources Inc. lifted its position in shares of Omega Healthcare Investors by 441.4% in the 3rd quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock worth $17,177,000 after purchasing an additional 350,570 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Company Profile

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.