Truist Financial Boosts Omega Healthcare Investors (NYSE:OHI) Price Target to $39.00

Omega Healthcare Investors (NYSE:OHI) had its price objective lifted by Truist Financial from $33.00 to $39.00 in a research report report published on Wednesday, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

OHI has been the topic of a number of other reports. Mizuho downgraded shares of Omega Healthcare Investors from an outperform rating to a neutral rating and upped their price target for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Wells Fargo & Company raised Omega Healthcare Investors to a strong-buy rating in a research report on Friday, June 14th. Finally, Scotiabank lifted their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a sector perform rating in a report on Monday, August 26th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $34.67.

Omega Healthcare Investors Trading Up 1.1 %

Shares of NYSE OHI opened at $39.89 on Wednesday. The firm has a market capitalization of $9.86 billion, a PE ratio of 35.94, a PEG ratio of 1.39 and a beta of 0.97. Omega Healthcare Investors has a one year low of $27.53 and a one year high of $40.06. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average price of $36.54 and a two-hundred day moving average price of $33.15.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). The company had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, analysts predict that Omega Healthcare Investors will post 2.81 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a yield of 6.72%. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of institutional investors have recently modified their holdings of OHI. NCP Inc. grew its stake in Omega Healthcare Investors by 10.3% in the 2nd quarter. NCP Inc. now owns 3,310 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 310 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Omega Healthcare Investors by 297.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 37,516 shares of the real estate investment trust’s stock worth $1,285,000 after purchasing an additional 28,075 shares during the period. Regal Investment Advisors LLC lifted its position in shares of Omega Healthcare Investors by 10.6% during the 2nd quarter. Regal Investment Advisors LLC now owns 7,037 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 677 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Omega Healthcare Investors by 77.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,181 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,386 shares during the period. Finally, Creative Planning grew its holdings in Omega Healthcare Investors by 5.5% in the 2nd quarter. Creative Planning now owns 40,531 shares of the real estate investment trust’s stock valued at $1,388,000 after buying an additional 2,104 shares during the last quarter. Institutional investors 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.