Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 1,000 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,159 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Omega Healthcare Investors were worth $219,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Omega Healthcare Investors by 3.0% during the 3rd 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. BlackRock Inc. lifted its holdings in Omega Healthcare Investors by 1.2% during the first quarter. BlackRock Inc. now owns 29,080,420 shares of the real estate investment trust’s stock valued at $797,094,000 after purchasing an additional 337,822 shares in the last quarter. State Street Corp lifted its holdings in Omega Healthcare Investors by 14.8% during the first quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock valued at $414,443,000 after purchasing an additional 1,715,004 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Omega Healthcare Investors by 16.1% during the first quarter. Geode Capital Management LLC now owns 4,908,367 shares of the real estate investment trust’s stock valued at $134,538,000 after buying an additional 681,892 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Omega Healthcare Investors by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,280,643 shares of the real estate investment trust’s stock valued at $89,921,000 after buying an additional 82,400 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Down 0.7 %

Shares of Omega Healthcare Investors stock opened at $30.11 on Wednesday. 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 1 year low of $26.00 and a 1 year high of $34.77. The firm’s 50-day moving average is $30.99 and its two-hundred day moving average is $31.24. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 9.93 and a beta of 0.91.

Omega Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 8.90%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 2nd. Omega Healthcare Investors’s dividend payout ratio is presently 270.71%.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of recent research reports. Citigroup raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price target on the stock in a research note on Thursday, February 8th. Wells Fargo & Company raised shares of 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 note on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Mizuho reduced their target price on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $33.58.

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.