Omega Healthcare Investors (NYSE:OHI) Downgraded to Neutral at Mizuho

Mizuho lowered shares of Omega Healthcare Investors (NYSE:OHI) from an outperform rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Mizuho currently has $35.00 price target on the real estate investment trust’s stock, up from their prior price target of $34.00.

A number of other research firms have also recently issued reports on OHI. Wells Fargo & Company raised Omega Healthcare Investors to a strong-buy rating in a research note on Friday, June 14th. Truist Financial boosted their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a hold rating in a research report on Wednesday, June 26th. Scotiabank increased their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a sector perform rating in a research note on Tuesday, July 9th. Finally, JMP Securities reaffirmed a market perform rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $33.67.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $36.30 on Thursday. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. Omega Healthcare Investors has a 12-month low of $27.53 and a 12-month high of $37.13. The firm has a fifty day moving average of $33.36 and a 200-day moving average of $31.56. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend is Monday, August 5th. Omega Healthcare Investors’s payout ratio is 241.44%.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently modified their holdings of OHI. Vanguard Group Inc. grew its stake in Omega Healthcare Investors by 0.5% in the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after purchasing an additional 165,105 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Omega Healthcare Investors by 36.6% in the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after buying an additional 960,997 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Omega Healthcare Investors by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock worth $107,358,000 after buying an additional 40,999 shares during the last quarter. Bank of New York Mellon Corp raised its position in Omega Healthcare Investors by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock worth $110,971,000 after acquiring an additional 143,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Omega Healthcare Investors by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock valued at $90,403,000 after acquiring an additional 124,483 shares during the last quarter. 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.