Omega Healthcare Investors, Inc. (NYSE:OHI) Receives $40.00 Consensus PT from Brokerages

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) have earned an average recommendation of "Hold" from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $40.00.

A number of brokerages recently commented on OHI. BMO Capital Markets upped their price target on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, October 7th. Scotiabank upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Royal Bank of Canada increased their price objective on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Truist Financial upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a "hold" rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $43.00 price target (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st.

Omega Healthcare Investors Stock Down 0.3 %

OHI traded down $0.10 during trading on Wednesday, hitting $39.44. The company had a trading volume of 1,518,281 shares, compared to its average volume of 1,685,173. The company has a market capitalization of $10.65 billion, a PE ratio of 29.00, a PEG ratio of 1.24 and a beta of 0.98. Omega Healthcare Investors has a one year low of $27.53 and a one year high of $44.42. The firm's 50-day moving average price is $40.52 and its 200 day moving average price is $37.54. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors's payout ratio is currently 197.06%.

Insider Activity at Omega Healthcare Investors

In other news, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the completion of the transaction, the chief financial officer now owns 183,076 shares in the company, valued at $7,357,824.44. This trade represents a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company's stock, valued at $4,025,000. The trade was a 36.19 % decrease in their position. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Institutional Trading of Omega Healthcare Investors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in Omega Healthcare Investors by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 133,166 shares of the real estate investment trust's stock worth $4,218,000 after purchasing an additional 3,466 shares during the period. Tidal Investments LLC lifted its holdings in shares of Omega Healthcare Investors by 2.5% during the first quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust's stock valued at $454,000 after purchasing an additional 348 shares in the last quarter. Cetera Investment Advisers increased its position in Omega Healthcare Investors by 170.6% during the first quarter. Cetera Investment Advisers now owns 97,866 shares of the real estate investment trust's stock valued at $3,099,000 after acquiring an additional 61,700 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Omega Healthcare Investors during the first quarter valued at $646,000. Finally, GAMMA Investing LLC increased its position in Omega Healthcare Investors by 93.4% during the second quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 1,181 shares during the last quarter. Hedge funds and other 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.