Islay Capital Management LLC Purchases 24,390 Shares of Omega Healthcare Investors, Inc. $OHI

Islay Capital Management LLC raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 123.1% in the third quarter, Holdings Channel reports. The fund owned 44,209 shares of the real estate investment trust’s stock after buying an additional 24,390 shares during the quarter. Omega Healthcare Investors comprises approximately 1.1% of Islay Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Islay Capital Management LLC’s holdings in Omega Healthcare Investors were worth $1,867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Omega Healthcare Investors by 1,654.4% in the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 943 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Omega Healthcare Investors during the third quarter worth $39,000. True Wealth Design LLC raised its stake in Omega Healthcare Investors by 273.5% during the 3rd quarter. True Wealth Design LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 815 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Omega Healthcare Investors by 1,159.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,259 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OHI shares. Cantor Fitzgerald raised their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group assumed coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They issued a “buy” rating and a $54.00 target price for the company. UBS Group reissued a “buy” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Royal Bank Of Canada boosted their price target on Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 10th. Finally, Citigroup reaffirmed a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.82.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $47.08 on Friday. The firm has a market capitalization of $13.92 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.53 and a beta of 0.54. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $49.14. The firm has a 50-day moving average price of $45.31 and a 200 day moving average price of $43.63.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 5.7%. Omega Healthcare Investors’s dividend payout ratio is presently 138.86%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.