GAMMA Investing LLC Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

GAMMA Investing LLC acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,203 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Several other hedge funds have also recently made changes to their positions in OHI. Vanguard Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after buying an additional 1,003,927 shares during the period. FMR LLC raised its holdings in shares of Omega Healthcare Investors by 96.5% during the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock valued at $98,908,000 after acquiring an additional 1,464,693 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Omega Healthcare Investors by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,824,071 shares of the real estate investment trust’s stock valued at $93,646,000 after purchasing an additional 227,609 shares in the last quarter. Northern Trust Corp grew its position in shares of Omega Healthcare Investors by 1.0% in the third quarter. Northern Trust Corp now owns 1,918,137 shares of the real estate investment trust’s stock valued at $63,605,000 after purchasing an additional 19,903 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Omega Healthcare Investors by 60.7% in the third quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust’s stock valued at $44,613,000 after purchasing an additional 508,327 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $31.34 on Friday. The business’s 50 day simple moving average is $30.98 and its 200-day simple moving average is $30.99. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 10.26 and a beta of 0.92. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $34.77.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Analyst Ratings Changes

A number of research firms have commented on OHI. Bank of America cut 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 research note on Tuesday, January 16th. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their price target for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Truist Financial raised their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They set a “buy” rating and a $36.00 price target on the stock. 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.com, Omega Healthcare Investors has an average rating of “Hold” and an average price target of $33.63.

About Omega Healthcare Investors

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.