Royal Fund Management LLC Has $1.09 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Royal Fund Management LLC raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,656 shares of the real estate investment trust’s stock after buying an additional 369 shares during the period. Royal Fund Management LLC’s holdings in Omega Healthcare Investors were worth $1,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at $33,000. NBC Securities Inc. acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at $34,000. GAMMA Investing LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at $35,000. Highlander Capital Management LLC grew its position in shares of Omega Healthcare Investors by 150.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 750 shares during the period. Finally, Clear Street Markets LLC bought a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $73,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OHI has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Citigroup raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Bank of America downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a research report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective for the company. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.63.

Omega Healthcare Investors Price Performance

NYSE:OHI traded up $0.07 during trading hours on Friday, hitting $31.34. The company’s stock had a trading volume of 2,470,937 shares, compared to its average volume of 1,414,371. 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 capitalization of $7.74 billion, a P/E ratio of 28.23, a PEG ratio of 10.24 and a beta of 0.92. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $34.77. The stock has a fifty day simple moving average of $30.97 and a 200-day simple moving average of $31.04.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Omega Healthcare Investors Company Profile

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.