Allspring Global Investments Holdings LLC Has $76,000 Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 88.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,479 shares of the real estate investment trust’s stock after selling 19,689 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Omega Healthcare Investors were worth $76,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OHI. FMR LLC increased its holdings in shares of Omega Healthcare Investors by 96.5% during the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock worth $98,908,000 after buying an additional 1,464,693 shares in the last quarter. Wellington Management Group LLP raised its position in Omega Healthcare Investors by 2,444.9% in the third quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock valued at $37,409,000 after purchasing an additional 1,083,816 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors by 3.0% during the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after purchasing an additional 1,003,927 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Omega Healthcare Investors by 60.7% during the third quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust’s stock worth $44,613,000 after purchasing an additional 508,327 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Omega Healthcare Investors by 64.8% in the third quarter. California Public Employees Retirement System now owns 741,183 shares of the real estate investment trust’s stock valued at $24,578,000 after buying an additional 291,314 shares during the period. Institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on OHI shares. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $31.00 to $35.00 in a research report on Monday, February 26th. Finally, Mizuho decreased their price target on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors has an average rating of “Hold” and an average target price of $33.58.

Omega Healthcare Investors Trading Up 1.2 %

NYSE OHI opened at $30.78 on Tuesday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 31.09, a P/E/G ratio of 10.18 and a beta of 0.91. The business has a 50 day simple moving average of $31.00 and a 200 day simple moving average of $31.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. Omega Healthcare Investors, Inc. has a one year low of $26.11 and a one year high of $34.77.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s payout ratio is 270.71%.

Omega Healthcare Investors 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.