Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Omega Healthcare Investors, Inc. $OHI

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 76.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 321,275 shares of the real estate investment trust’s stock after purchasing an additional 138,916 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Omega Healthcare Investors were worth $14,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mutual Advisors LLC boosted its stake in Omega Healthcare Investors by 8.5% in the third quarter. Mutual Advisors LLC now owns 327,383 shares of the real estate investment trust’s stock worth $13,321,000 after buying an additional 25,565 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Omega Healthcare Investors by 6.8% in the third quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock worth $158,799,000 after buying an additional 239,134 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Omega Healthcare Investors in the third quarter worth approximately $458,000. HBK Sorce Advisory LLC purchased a new stake in Omega Healthcare Investors in the third quarter worth approximately $1,014,000. Finally, JPMorgan Chase & Co. boosted its stake in Omega Healthcare Investors by 77.9% in the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock worth $144,278,000 after buying an additional 1,496,059 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $44.96 on Thursday. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. The company has a market cap of $13.29 billion, a PE ratio of 23.30, a P/E/G ratio of 2.04 and a beta of 0.59. The business has a 50 day moving average of $46.43 and a 200 day moving average of $44.57. Omega Healthcare Investors, Inc. has a 52 week low of $35.08 and a 52 week high of $49.14.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio is currently 138.86%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OHI shares. Wells Fargo & Company upped their target price 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. Royal Bank Of Canada upped their target price on Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 10th. BMO Capital Markets lowered Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research note on Friday, January 9th. Cantor Fitzgerald upped their target price on Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.83.

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.