GraniteShares Advisors LLC Has $1.46 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

GraniteShares Advisors LLC lessened its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,686 shares of the real estate investment trust’s stock after selling 3,741 shares during the period. GraniteShares Advisors LLC’s holdings in Omega Healthcare Investors were worth $1,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Qube Research & Technologies Ltd bought a new stake in Omega Healthcare Investors during the third quarter valued at $25,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $27,000. Point72 Asset Management L.P. bought a new stake in Omega Healthcare Investors in the 2nd quarter valued at about $32,000. Peoples Bank KS acquired a new position in Omega Healthcare Investors during the 3rd quarter worth approximately $33,000. Finally, NBC Securities Inc. bought a new position in Omega Healthcare Investors in the third quarter worth approximately $34,000. Institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

OHI has been the subject of several analyst reports. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Mizuho reduced their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their target price for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Truist Financial upped their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $35.00 in a report on Monday, February 26th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $33.58.

Omega Healthcare Investors Price Performance

NYSE OHI traded down $0.22 during trading hours on Tuesday, reaching $30.11. 949,866 shares of the stock traded hands, compared to its average volume of 1,767,313. The stock has a 50 day simple moving average of $30.95 and a two-hundred day simple moving average of $31.26. Omega Healthcare Investors, Inc. has a 1 year low of $26.00 and a 1 year high of $34.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 9.99 and a beta of 0.91.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were given a dividend of $0.67 per share. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 8.90%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 270.71%.

About Omega Healthcare Investors

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.