Omega Healthcare Investors (NYSE:OHI) Downgraded to “Equal Weight” Rating by Wells Fargo & Company

Wells Fargo & Company downgraded shares of Omega Healthcare Investors (NYSE:OHI) from an overweight rating to an equal weight rating in a research report report published on Thursday morning, MarketBeat reports. The firm currently has $39.00 target price on the real estate investment trust’s stock, down from their prior target price of $41.00.

OHI has been the topic of a number of other research reports. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Truist Financial raised their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Finally, Mizuho upped 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, December 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.00.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $37.50 on Thursday. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $10.57 billion, a PE ratio of 24.19, a PEG ratio of 1.09 and a beta of 1.00. The firm has a 50 day moving average of $37.10 and a 200-day moving average of $38.83. Omega Healthcare Investors has a 12 month low of $29.66 and a 12 month high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. On average, equities research analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of large investors have recently made changes to their positions in OHI. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors during the fourth quarter valued at $26,000. Dunhill Financial LLC purchased a new position in shares of Omega Healthcare Investors during the third quarter valued at about $31,000. True Wealth Design LLC purchased a new position in shares of Omega Healthcare Investors during the third quarter valued at about $31,000. Grove Bank & Trust bought a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $30,000. Finally, Kentucky Trust Co purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $38,000. 65.25% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.