Shell Asset Management Co. raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 18.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,817 shares of the real estate investment trust’s stock after purchasing an additional 1,217 shares during the period. Shell Asset Management Co.’s holdings in Omega Healthcare Investors were worth $259,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Resurgent Financial Advisors LLC bought a new position in Omega Healthcare Investors during the 4th quarter worth $27,000. Peoples Bank KS bought a new position in Omega Healthcare Investors during the 3rd quarter worth $33,000. Point72 Asset Management L.P. bought a new position in Omega Healthcare Investors during the 2nd quarter worth $32,000. NBC Securities Inc. bought a new position in Omega Healthcare Investors during the 3rd quarter worth $34,000. Finally, Islay Capital Management LLC acquired a new stake in Omega Healthcare Investors during the 2nd quarter worth about $38,000. 65.50% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
OHI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They set a “buy” rating and a $36.00 price target for the company. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. 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 report on Wednesday, January 3rd. Truist Financial decreased their price target on Omega Healthcare Investors from $34.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, December 26th. Finally, Wells Fargo & Company decreased their price target on Omega Healthcare Investors from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and an average price target of $32.25.
Omega Healthcare Investors Stock Performance
Shares of OHI opened at $30.94 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.99. The stock has a 50-day moving average of $30.16 and a 200-day moving average of $31.54. The company has a market cap of $7.58 billion, a PE ratio of 31.25, a P/E/G ratio of 10.93 and a beta of 0.89. Omega Healthcare Investors, Inc. has a one year low of $25.61 and a one year high of $34.77.
Omega Healthcare Investors Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, February 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 8.66%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s payout ratio is 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.
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