Diversify Wealth Management LLC acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 40,932 shares of the real estate investment trust’s stock, valued at approximately $1,913,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Resources Management Corp CT ADV grew its stake in shares of Omega Healthcare Investors by 300.0% in the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 450 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 268 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Omega Healthcare Investors during the 4th quarter worth approximately $37,000. Finally, Rothschild Investment LLC lifted its position in Omega Healthcare Investors by 283.7% during the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 698 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Price Performance
Shares of NYSE OHI opened at $48.30 on Wednesday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.07 and a beta of 0.58. Omega Healthcare Investors, Inc. has a twelve month low of $37.58 and a twelve month high of $50.10. The business has a 50 day simple moving average of $47.00 and a 200-day simple moving average of $46.13.
Omega Healthcare Investors Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, May 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 129.47%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Citigroup restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, June 15th. Bank of America reissued an “underperform” rating and set a $46.00 target price (down from $52.00) on shares of Omega Healthcare Investors in a research report on Tuesday, April 14th. UBS Group set a $47.00 target price on shares of Omega Healthcare Investors in a research report on Thursday, June 18th. Barclays assumed coverage on shares of Omega Healthcare Investors in a report on Tuesday, July 7th. They set an “underweight” rating and a $51.00 price target for the company. Finally, Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.50.
View Our Latest Stock Report on OHI
Omega Healthcare Investors Profile
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.
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