Omega Healthcare Investors (NYSE:OHI) Stock Price Target Raised at UBS Group

Omega Healthcare Investors (NYSE:OHI) had its price target boosted by UBS Group from $52.00 to $56.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on OHI. Citizens Jmp upgraded Omega Healthcare Investors from a “market perform” rating to a “market outperform” rating and set a $52.00 target price on the stock in a research report on Thursday, October 22nd. Raymond James Financial reiterated an “outperform” rating and set a $54.00 price target on shares of Omega Healthcare Investors in a research report on Monday. Wells Fargo & Company reduced their price objective on Omega Healthcare Investors from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Barclays dropped their target price on shares of Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Tuesday, October 13th. Finally, Mizuho raised their price target on shares of Omega Healthcare Investors from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Hold” and an average target price of $50.27.

Omega Healthcare Investors Trading Down 1.2%

Shares of Omega Healthcare Investors stock opened at $48.13 on Wednesday. The firm has a market capitalization of $14.65 billion, a PE ratio of 14.89, a P/E/G ratio of 1.78 and a beta of 0.56. Omega Healthcare Investors has a twelve month low of $42.18 and a twelve month high of $52.39. The firm’s 50-day moving average price is $46.43 and its 200 day moving average price is $46.75.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.20). Omega Healthcare Investors had a return on equity of 13.66% and a net margin of 58.11%. The firm had revenue of $340.55 million during the quarter, compared to analyst estimates of $269.16 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts predict that Omega Healthcare Investors will post 3.12 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, November 5th. Omega Healthcare Investors’s payout ratio is currently 109.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC increased its holdings in shares of Omega Healthcare Investors by 50.3% during the 3rd quarter. Fortitude Family Office LLC now owns 699 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 234 shares during the last quarter. Latitude Advisors LLC acquired a new position in Omega Healthcare Investors in the third quarter valued at approximately $35,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Omega Healthcare Investors by 53.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 315 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Omega Healthcare Investors by 645.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 800 shares during the last quarter. Finally, Tompkins Financial Corp purchased a new position in shares of Omega Healthcare Investors during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc. is a real estate investment trust (REIT) focused on healthcare facilities, particularly skilled nursing and assisted living properties. The company invests in these facilities through real estate leases, loans and other financing arrangements. Its portfolio serves healthcare operators in the United States and the United Kingdom. Omega primarily leases properties to third-party operators, which manage the facilities and provide care to residents. Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega is led by President and Chief Executive Officer Taylor Pickett.