California Public Employees Retirement System Grows Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

California Public Employees Retirement System grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 72.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,276,276 shares of the real estate investment trust’s stock after acquiring an additional 535,093 shares during the quarter. California Public Employees Retirement System’s holdings in Omega Healthcare Investors were worth $39,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Significant Wealth Partners LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter worth about $422,000. Rainey & Randall Investment Management Inc. increased its stake in Omega Healthcare Investors by 19.5% during the fourth quarter. Rainey & Randall Investment Management Inc. now owns 154,886 shares of the real estate investment trust’s stock worth $4,749,000 after acquiring an additional 25,316 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in Omega Healthcare Investors by 1.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 27,345 shares of the real estate investment trust’s stock worth $838,000 after acquiring an additional 422 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Omega Healthcare Investors by 42.1% during the fourth quarter. Handelsbanken Fonder AB now owns 52,313 shares of the real estate investment trust’s stock worth $1,604,000 after acquiring an additional 15,500 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Omega Healthcare Investors by 27.6% during the fourth quarter. Signaturefd LLC now owns 8,803 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 1,904 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OHI has been the subject of a number of recent research reports. Mizuho lowered their target price 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. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $36.00 target price for the company. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their target price for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Finally, BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price for the company in a research note on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.58.

Omega Healthcare Investors Trading Up 0.6 %

NYSE:OHI opened at $31.09 on Friday. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $31.01 and its two-hundred day moving average is $31.13. Omega Healthcare Investors, Inc. has a 52 week low of $26.11 and a 52 week high of $34.77. The company has a market cap of $7.68 billion, a PE ratio of 31.40, a P/E/G ratio of 10.12 and a beta of 0.91.

Omega Healthcare Investors Dividend Announcement

The company also recently announced 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 yield of 8.62%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is presently 270.71%.

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.