Cerity Partners LLC Boosts Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cerity Partners LLC increased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 193.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,905 shares of the real estate investment trust’s stock after buying an additional 111,952 shares during the period. Cerity Partners LLC owned 0.07% of Omega Healthcare Investors worth $5,209,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in shares of Omega Healthcare Investors in the third quarter worth about $25,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $27,000. Point72 Asset Management L.P. bought a new stake in Omega Healthcare Investors during the second quarter worth approximately $32,000. Peoples Bank KS bought a new stake in Omega Healthcare Investors during the third quarter worth approximately $33,000. Finally, NBC Securities Inc. bought a new stake in Omega Healthcare Investors during the third quarter worth approximately $34,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OHI. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 price objective on the stock. Truist Financial boosted their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Finally, Mizuho cut their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.58.

Omega Healthcare Investors Stock Down 0.7 %

Shares of NYSE:OHI opened at $30.11 on Wednesday. Omega Healthcare Investors, Inc. has a 52-week low of $26.00 and a 52-week high of $34.77. The stock has a market cap of $7.39 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 9.93 and a beta of 0.91. The business’s 50 day moving average is $30.99 and its 200 day moving average is $31.24. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a $0.67 dividend. The ex-dividend date was Friday, February 2nd. This represents a $2.68 annualized dividend and a yield of 8.90%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s dividend 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.