Omega Healthcare Investors (NYSE:OHI) Raised to "Outperform" at BMO Capital Markets

BMO Capital Markets upgraded shares of Omega Healthcare Investors (NYSE:OHI - Free Report) from a market perform rating to an outperform rating in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage currently has $45.00 price target on the real estate investment trust's stock.

OHI has been the subject of a number of other reports. Truist Financial raised their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a "hold" rating in a report on Wednesday, September 4th. Mizuho raised their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday. BNP Paribas raised shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Thursday, October 31st. Wells Fargo & Company reissued an "overweight" rating and issued a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Finally, Berenberg Bank initiated coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They set a "buy" rating and a $45.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Omega Healthcare Investors presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.18.

Omega Healthcare Investors Trading Down 0.0 %

Shares of Omega Healthcare Investors stock traded down $0.01 on Monday, reaching $39.24. The company had a trading volume of 1,531,429 shares, compared to its average volume of 1,683,967. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The firm has a market cap of $10.59 billion, a PE ratio of 28.86, a PEG ratio of 1.22 and a beta of 0.98. The firm's 50 day moving average price is $40.48 and its two-hundred day moving average price is $37.69. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $44.42.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 annualized dividend and a yield of 6.83%. Omega Healthcare Investors's dividend payout ratio is currently 197.06%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Omega Healthcare Investors

Hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC acquired a new stake in Omega Healthcare Investors during the 1st quarter worth approximately $646,000. CWM LLC grew its position in Omega Healthcare Investors by 12.1% in the 2nd quarter. CWM LLC now owns 4,073 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 440 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Omega Healthcare Investors in the 2nd quarter valued at $204,000. Cooper Financial Group raised its position in Omega Healthcare Investors by 51.3% during the 2nd quarter. Cooper Financial Group now owns 9,816 shares of the real estate investment trust's stock worth $336,000 after buying an additional 3,329 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in shares of Omega Healthcare Investors by 7.7% in the 2nd quarter. Wedmont Private Capital now owns 15,078 shares of the real estate investment trust's stock worth $520,000 after acquiring an additional 1,078 shares during the period. Institutional investors and hedge funds 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.