Invst LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,582 shares of the real estate investment trust’s stock, valued at approximately $695,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Resources Management Corp CT ADV boosted its stake in Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 450 shares during the period. Ascentis Independent Advisors purchased a new position in Omega Healthcare Investors during the 1st quarter valued at about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Omega Healthcare Investors by 53.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 315 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.
Omega Healthcare Investors Stock Up 0.7%
NYSE:OHI opened at $46.92 on Wednesday. The stock has a market cap of $14.22 billion, a P/E ratio of 16.76, a PEG ratio of 1.88 and a beta of 0.57. The business’s 50-day moving average price is $48.24 and its two-hundred day moving average price is $47.08. Omega Healthcare Investors, Inc. has a twelve month low of $39.26 and a twelve month high of $52.39.
Omega Healthcare Investors Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 5.8%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio is presently 97.14%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. UBS Group set a $47.00 price objective on shares of Omega Healthcare Investors in a research report on Thursday, June 18th. Raymond James Financial initiated coverage on shares of Omega Healthcare Investors in a report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Barclays began coverage on shares of Omega Healthcare Investors in a report on Tuesday, July 7th. They issued an “underweight” rating and a $51.00 price target for the company. Finally, Citigroup boosted their price target on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.21.
About Omega Healthcare Investors
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.
Featured Stories
- Five stocks we like better than Omega Healthcare Investors
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.
