Inspire Investing LLC raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 30.1% during the fourth quarter, Holdings Channel reports. The firm owned 77,449 shares of the real estate investment trust’s stock after buying an additional 17,915 shares during the period. Inspire Investing LLC’s holdings in Omega Healthcare Investors were worth $3,434,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Omega Healthcare Investors by 91.9% during the fourth quarter. BNP Paribas Financial Markets now owns 389,305 shares of the real estate investment trust’s stock valued at $17,262,000 after purchasing an additional 186,399 shares in the last quarter. CPC Advisors LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $3,050,000. JPMorgan Chase & Co. boosted its holdings in Omega Healthcare Investors by 77.9% during the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after purchasing an additional 1,496,059 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in Omega Healthcare Investors during the third quarter valued at approximately $458,000. Finally, Pensionfund PDN acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $2,053,000. 65.25% of the stock is owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Down 1.8%
Shares of OHI opened at $44.70 on Thursday. The company has a market capitalization of $13.31 billion, a P/E ratio of 21.59, a PEG ratio of 1.94 and a beta of 0.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.32 and a quick ratio of 5.32. Omega Healthcare Investors, Inc. has a one year low of $35.70 and a one year high of $49.33. The business’s 50 day simple moving average is $46.39 and its 200-day simple moving average is $45.73.
Omega Healthcare Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.68 annualized dividend and a yield of 6.0%. Omega Healthcare Investors’s dividend payout ratio is currently 129.47%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on OHI shares. Truist Financial decreased their price objective on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Raymond James Financial initiated coverage on Omega Healthcare Investors in a report on Tuesday. They issued an “outperform” rating and a $50.00 target price on the stock. Weiss Ratings downgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Citigroup reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday. Finally, Bank of America reissued an “underperform” rating and issued a $46.00 target price (down from $52.00) on shares of Omega Healthcare Investors in a report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.08.
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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