Omega Healthcare Investors (NYSE:OHI) Stock Rating Lowered by Wells Fargo & Company

Wells Fargo & Company cut shares of Omega Healthcare Investors (NYSE:OHI) from an overweight rating to an equal weight rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. Wells Fargo & Company currently has $39.00 price target on the real estate investment trust’s stock, down from their previous price target of $41.00.

Other equities analysts have also recently issued research reports about the stock. Truist Financial raised their target price 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. Mizuho raised their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Stock Performance

OHI stock opened at $38.08 on Thursday. The stock’s 50 day simple moving average is $37.11 and its 200 day simple moving average is $38.81. Omega Healthcare Investors has a 12-month low of $29.66 and a 12-month high of $44.42. The firm has a market cap of $10.73 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.09 and a beta of 1.00. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share 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%. As a group, equities research analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.04%. Omega Healthcare Investors’s payout ratio is 172.90%.

Institutional Investors Weigh In On Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its position in Omega Healthcare Investors by 16.6% in the 4th quarter. Wellington Management Group LLP now owns 340,073 shares of the real estate investment trust’s stock valued at $12,872,000 after buying an additional 48,391 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Omega Healthcare Investors by 3.5% in the 4th quarter. California State Teachers Retirement System now owns 242,138 shares of the real estate investment trust’s stock worth $9,165,000 after acquiring an additional 8,294 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Omega Healthcare Investors by 994.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 554,286 shares of the real estate investment trust’s stock valued at $20,980,000 after acquiring an additional 503,636 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $61,000. Finally, GF Fund Management CO. LTD. bought a new stake in Omega Healthcare Investors during the fourth quarter worth approximately $177,000. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Company Profile

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.