Vanguard Personalized Indexing Management LLC lifted its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 6.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,747 shares of the real estate investment trust’s stock after purchasing an additional 2,017 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Omega Healthcare Investors were worth $1,185,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of OHI. Resurgent Financial Advisors LLC purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $27,000. Point72 Asset Management L.P. purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $32,000. Peoples Bank KS purchased a new stake in shares of Omega Healthcare Investors in the third quarter valued at approximately $33,000. NBC Securities Inc. purchased a new stake in shares of Omega Healthcare Investors in the third quarter valued at approximately $34,000. Finally, Islay Capital Management LLC purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.
Analysts Set New Price Targets
OHI has been the subject of a number of analyst reports. 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 report on Thursday. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Mizuho dropped their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Company dropped their target price on Omega Healthcare Investors from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, November 27th. Finally, StockNews.com raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and an average target price of $32.25.
Omega Healthcare Investors Stock Performance
Shares of OHI stock opened at $30.94 on Monday. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 10.93 and a beta of 0.89. 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 business has a fifty day moving average of $30.16 and a 200 day moving average of $31.54. Omega Healthcare Investors, Inc. has a 1 year low of $25.61 and a 1 year high of $34.77.
Omega Healthcare Investors Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be paid a $0.67 dividend. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 8.66%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 270.71%.
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.
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