Brokerages Set Omega Healthcare Investors, Inc. (NYSE:OHI) Target Price at $41.67

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $41.67.

OHI has been the topic of several recent research reports. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 9th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Mizuho upped their price target 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. BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $35.68 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.09 and a beta of 0.99. The business has a 50 day simple moving average of $37.38 and a 200 day simple moving average of $39.05. Omega Healthcare Investors has a 52-week low of $29.66 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Analysts anticipate that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.51%. Omega Healthcare Investors’s payout ratio is 172.90%.

Institutional Trading of Omega Healthcare Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in OHI. Allworth Financial LP increased its stake in shares of Omega Healthcare Investors by 12.0% during the 3rd quarter. Allworth Financial LP now owns 2,276 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 244 shares during the last quarter. Venturi Wealth Management LLC increased its position in Omega Healthcare Investors by 29.4% during the third quarter. Venturi Wealth Management LLC now owns 1,259 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 286 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Omega Healthcare Investors by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 295 shares during the period. Bessemer Group Inc. lifted its position in shares of Omega Healthcare Investors by 5.9% in the fourth quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 303 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Omega Healthcare Investors by 1.9% during the 4th quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 309 shares during the last quarter. 65.25% of the stock is owned by 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.