Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,761 shares of the real estate investment trust’s stock after purchasing an additional 2,806 shares during the period. New York Life Investment Management LLC’s holdings in Omega Healthcare Investors were worth $851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Omega Healthcare Investors by 3.0% in the third 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 acquiring an additional 1,003,927 shares in the last quarter. FMR LLC lifted its position in shares of Omega Healthcare Investors by 96.5% in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 227,609 shares in the last quarter. Northern Trust Corp lifted 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 acquiring an additional 19,903 shares in the last quarter. Finally, Invesco Ltd. lifted 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 acquiring an additional 508,327 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $30.83 on Thursday. The stock’s 50-day moving average is $30.95 and its 200-day moving average is $30.94. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 10.26 and a beta of 0.92. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 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. Stockholders of record on Tuesday, April 30th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.69%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 241.44%.

Wall Street Analyst Weigh In

OHI has been the topic of several recent research reports. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $31.00 to $35.00 in a research report on Monday, February 26th. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price on the stock. Truist Financial increased their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.63.

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.