Omega Healthcare Investors (NYSE:OHI) Trading Up 6.5% – Time to Buy?

Omega Healthcare Investors, Inc. (NYSE:OHI) was up 6.5% during trading on Thursday . The stock traded as high as $45.66 and last traded at $45.74. Approximately 1,428,779 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 1,976,764 shares. The stock had previously closed at $42.96.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of Omega Healthcare Investors from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. The Goldman Sachs Group initiated coverage on shares of Omega Healthcare Investors in a report on Friday, January 9th. They set a “buy” rating and a $54.00 target price for the company. Citigroup reissued a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Royal Bank Of Canada raised their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Finally, Truist Financial boosted their price target on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.82.

Omega Healthcare Investors Price Performance

The company’s 50-day moving average is $44.43 and its two-hundred day moving average is $42.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.11 and a quick ratio of 7.11. The firm has a market cap of $13.55 billion, a P/E ratio of 25.51, a PEG ratio of 1.38 and a beta of 0.57.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio is 149.72%.

Institutional Investors Weigh In On Omega Healthcare Investors

Institutional investors and hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC raised its holdings in shares of Omega Healthcare Investors by 2.3% in the 4th quarter. Bogart Wealth LLC now owns 10,461 shares of the real estate investment trust’s stock worth $464,000 after acquiring an additional 237 shares during the last quarter. GeoWealth Management LLC increased its stake in shares of Omega Healthcare Investors by 1.3% during the 3rd quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 239 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Omega Healthcare Investors by 3.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 262 shares during the period. Inscription Capital LLC boosted its position in Omega Healthcare Investors by 0.9% during the fourth quarter. Inscription Capital LLC now owns 29,814 shares of the real estate investment trust’s stock worth $1,322,000 after purchasing an additional 268 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares during the period. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.