Omega Healthcare Investors (NYSE:OHI) continued gains for a seventh straight session, as the stock closed 1.12% higher at $39.28 on Tuesday.

The Maryland based healthcare focused real estate investment trust gained 3.02% in the preceding six sessions. The stock has gained 27.4% so far this year compared to about an 18% rise in the broader S&P 500 Index.

OHI is up 7% over the past one month. The stock closed 0.03% higher on Monday at $38.84.

Seeking Alpha’s Quant rating has given the stock a rating of STRONG BUY with a score of 4.76 out of 5. The company has received an A in terms of revisions and a C- on the prospect of growth.

Among the Wall Street analysts, 4 analysts recommend a BUY and above, 12 analysts recommend to HOLD the stock while none of them recommend SELL.

Seeking Alpha analysts are also bullish on the stock and have rated the stock a BUY.

Omega Healthcare Investors lifted its 2024 earnings guidance earlier this month after its second quarter earnings beat consensus helped by accretive investments and the resolution of portfolio restructurings.

The healthcare REIT now expects 2024 adjusted FFO per share of $2.78-$2.84, up from its previous guidance of $2.70-$2.80 and higher than the $2.76 consensus.

Analyst Steven Fiorillo believes the stock will continue to rally and sees a potential for dividend growth. “As the population ages, there will be a growing need for OHI’s facilities, making it an interesting investment as there aren’t many REITs in this space,” Fiorillo wrote.