Omega Healthcare Investors (NYSE:OHI) Earns Market Perform Rating from JMP Securities

JMP Securities restated their market perform rating on shares of Omega Healthcare Investors (NYSE:OHI) in a report released on Monday morning, Benzinga reports.

Other equities analysts have also issued research reports about the stock. Bank of America lowered shares of Omega Healthcare Investors from a buy rating to a neutral rating and decreased their target price for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Wells Fargo & Company raised Omega Healthcare Investors from an equal weight rating to an overweight rating and boosted their target price for the stock from $31.00 to $35.00 in a report on Monday, February 26th. BNP Paribas raised Omega Healthcare Investors from an underperform rating to a neutral rating and set a $30.00 price target for the company in a research note on Thursday, February 8th. Truist Financial upped their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a hold rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a buy rating and a $36.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $33.63.

Omega Healthcare Investors Stock Down 0.3 %

Shares of Omega Healthcare Investors stock opened at $30.83 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.76. Omega Healthcare Investors has a 1-year low of $27.53 and a 1-year high of $34.77. The business’s fifty day moving average price is $30.95 and its two-hundred day moving average price is $30.94. The company has a market capitalization of $7.61 billion, a P/E ratio of 27.77, a PEG ratio of 10.26 and a beta of 0.92.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.69%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Institutional Trading of Omega Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of the company. Left Brain Wealth Management LLC grew its stake in Omega Healthcare Investors by 2.0% in the fourth quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 335 shares in the last quarter. Royal Fund Management LLC grew its stake in shares of Omega Healthcare Investors by 1.0% in the 4th quarter. Royal Fund Management LLC now owns 35,656 shares of the real estate investment trust’s stock valued at $1,093,000 after buying an additional 369 shares in the last quarter. Choreo LLC increased its holdings in Omega Healthcare Investors by 3.5% in the third quarter. Choreo LLC now owns 11,368 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 381 shares during the last quarter. Quadrant Capital Group LLC raised its position in Omega Healthcare Investors by 11.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 394 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Omega Healthcare Investors by 2.5% in the first quarter. Global Retirement Partners LLC now owns 16,355 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 400 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

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.