Omega Healthcare Investors (NYSE:OHI) Hits New 12-Month High at $34.80

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $34.80 and last traded at $34.69, with a volume of 191236 shares traded. The stock had previously closed at $34.41.

Wall Street Analyst Weigh In

OHI has been the subject of a number of recent research reports. Truist Financial increased their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, June 26th. Scotiabank raised their price target on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Tuesday. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Citigroup raised Omega Healthcare Investors from a "neutral" rating to a "buy" rating and raised their price target for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Wells Fargo & Company raised Omega Healthcare Investors to a "strong-buy" rating in a report on Friday, June 14th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $33.65.

Omega Healthcare Investors Price Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The firm has a market capitalization of $8.52 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 1.25 and a beta of 0.97. The company has a 50-day moving average price of $32.32 and a 200-day moving average price of $31.18.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.77%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors's payout ratio is presently 241.44%.

Institutional Trading of Omega Healthcare Investors

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $61,698,000. Wellington Management Group LLP raised its stake in shares of Omega Healthcare Investors by 2,444.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust's stock valued at $37,409,000 after purchasing an additional 1,083,816 shares during the period. Vanguard Group Inc. raised its stake in shares of Omega Healthcare Investors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust's stock valued at $1,156,219,000 after purchasing an additional 1,003,927 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Omega Healthcare Investors by 36.6% in the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust's stock valued at $109,924,000 after purchasing an additional 960,997 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Omega Healthcare Investors by 72.2% in the fourth quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust's stock valued at $39,131,000 after acquiring an additional 535,093 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

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.