UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 0.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,114,655 shares of the real estate investment trust’s stock after selling 10,743 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Omega Healthcare Investors were worth $100,827,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in OHI. Van ECK Associates Corp boosted its stake in shares of Omega Healthcare Investors by 20.0% during the 2nd quarter. Van ECK Associates Corp now owns 199,170 shares of the real estate investment trust’s stock worth $9,496,000 after acquiring an additional 33,211 shares in the last quarter. Hsbc Holdings PLC increased its stake in Omega Healthcare Investors by 52.3% in the 2nd quarter. Hsbc Holdings PLC now owns 926,367 shares of the real estate investment trust’s stock valued at $44,398,000 after purchasing an additional 318,146 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in Omega Healthcare Investors in the 2nd quarter valued at approximately $677,000. Beacon Pointe Advisors LLC acquired a new position in Omega Healthcare Investors during the second quarter worth $635,000. Finally, Empowered Funds LLC acquired a new position in Omega Healthcare Investors during the second quarter worth $2,712,000. 65.25% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors Stock Performance
Omega Healthcare Investors stock opened at $46.77 on Wednesday. Omega Healthcare Investors, Inc. has a fifty-two week low of $39.26 and a fifty-two week high of $52.39. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.85 and a beta of 0.58. The stock has a fifty day moving average of $48.36 and a two-hundred day moving average of $47.10.
Omega Healthcare Investors Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.72 annualized dividend and a dividend yield of 5.8%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio is 97.14%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on OHI shares. UBS Group set a $47.00 target price on Omega Healthcare Investors in a report on Thursday, June 18th. Barclays cut their price target on Omega Healthcare Investors from $51.00 to $50.00 and set an “underweight” rating for the company in a research note on Monday. Raymond James Financial began coverage on shares of Omega Healthcare Investors in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price objective on the stock. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Finally, Scotiabank cut their target price on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.50.
Check Out Our Latest Stock Analysis on Omega Healthcare Investors
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.
Featured Stories
- Five stocks we like better than Omega Healthcare Investors
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.
