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

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

A number of other research analysts have also weighed in on the company. Wells Fargo & Company upgraded Omega Healthcare Investors to a strong-buy rating in a research report on Friday, June 14th. JMP Securities restated a market perform rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Citigroup upgraded Omega Healthcare Investors from a neutral rating to a buy rating and raised their price objective for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Finally, Truist Financial raised their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a hold rating in a research report on Wednesday, June 26th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $33.65.

Omega Healthcare Investors Trading Up 1.1 %

Shares of Omega Healthcare Investors stock opened at $34.41 on Tuesday. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.24 and a beta of 0.97. 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 has a twelve month low of $27.53 and a twelve month high of $34.77.

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 paid a $0.67 dividend. 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 payout ratio is currently 241.44%.

Institutional Trading of Omega Healthcare Investors

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Omega Healthcare Investors by 0.5% in the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock worth $1,120,478,000 after purchasing an additional 165,105 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in 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 purchasing an additional 960,997 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 40,999 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 124,483 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $61,698,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

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.