Arbejdsmarkedets Tillaegspension acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 514,124 shares of the real estate investment trust’s stock, valued at approximately $22,796,000.
Other large investors also recently modified their holdings of the company. Mutual Advisors LLC grew its stake in shares of Omega Healthcare Investors by 8.5% in the 3rd quarter. Mutual Advisors LLC now owns 327,383 shares of the real estate investment trust’s stock valued at $13,321,000 after purchasing an additional 25,565 shares during the period. Bank of New York Mellon Corp boosted its position in Omega Healthcare Investors by 6.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock valued at $158,799,000 after buying an additional 239,134 shares during the last quarter. CPC Advisors LLC bought a new position in Omega Healthcare Investors in the 4th quarter valued at $3,050,000. Bright Futures Wealth Management LLC. bought a new position in Omega Healthcare Investors in the 3rd quarter valued at $458,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Omega Healthcare Investors by 77.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after purchasing an additional 1,496,059 shares during the period. 65.25% of the stock is currently owned by institutional investors.
Omega Healthcare Investors Price Performance
Shares of NYSE OHI opened at $47.26 on Friday. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.14 and a beta of 0.59. The business has a 50-day moving average of $46.29 and a 200-day moving average of $45.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.32 and a quick ratio of 5.32. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $49.14.
Omega Healthcare Investors Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.67 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.68 annualized dividend and a dividend yield of 5.7%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 129.47%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on OHI shares. Weiss Ratings raised Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, April 21st. Citigroup increased their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their price objective on Omega Healthcare Investors from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 26th. UBS Group raised their price objective on Omega Healthcare Investors from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Cantor Fitzgerald lifted their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.83.
Check Out Our Latest Stock Analysis on OHI
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.
Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.
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