Fund Advisors of America Inc FL purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,615 shares of the real estate investment trust’s stock, valued at approximately $1,317,000. Omega Healthcare Investors accounts for 1.2% of Fund Advisors of America Inc FL’s investment portfolio, making the stock its 26th biggest position.
A number of other hedge funds also recently bought and sold shares of the stock. Resources Management Corp CT ADV boosted its stake in shares of Omega Healthcare Investors by 300.0% in the 4th 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 during the period. Smartleaf Asset Management LLC increased its stake 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 period. Ascentis Independent Advisors purchased a new stake in shares of Omega Healthcare Investors during the first quarter worth approximately $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $37,000. Finally, Rothschild Investment LLC raised its holdings in Omega Healthcare Investors by 283.7% in the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock valued at $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 Stock Performance
Shares of NYSE OHI opened at $46.66 on Friday. Omega Healthcare Investors, Inc. has a fifty-two week low of $39.26 and a fifty-two week high of $52.39. The firm has a market capitalization of $14.14 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.57. The stock’s 50-day simple moving average is $48.18 and its 200-day simple moving average is $46.99.
Omega Healthcare Investors Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $0.68 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.72 annualized dividend and a dividend yield of 5.8%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s payout ratio is presently 97.14%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Scotiabank dropped their price objective on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock 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 issued an “underweight” rating and a $51.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their target price on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.21.
View Our Latest Research Report on OHI
Omega Healthcare Investors Company 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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