Wright Investors Service Inc. Has $708,000 Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wright Investors Service Inc. trimmed its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 13.8% in the fourth quarter, HoldingsChannel reports. The firm owned 23,089 shares of the real estate investment trust’s stock after selling 3,696 shares during the period. Wright Investors Service Inc.’s holdings in Omega Healthcare Investors were worth $708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OHI. Qube Research & Technologies Ltd acquired a new stake in Omega Healthcare Investors during the 3rd 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 $27,000. Point72 Asset Management L.P. acquired a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at $32,000. Peoples Bank KS acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at $33,000. Finally, NBC Securities Inc. acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at $34,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

OHI stock opened at $29.96 on Friday. The firm has a market cap of $7.35 billion, a PE ratio of 30.26, a P/E/G ratio of 9.81 and a beta of 0.91. The business’s 50-day moving average price is $31.03 and its two-hundred day moving average price is $31.22. Omega Healthcare Investors, Inc. has a 1-year low of $26.00 and a 1-year high of $34.77. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.67 per share. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend was Friday, February 2nd. Omega Healthcare Investors’s dividend payout ratio is currently 270.71%.

Analyst Ratings Changes

Several research firms have recently commented on OHI. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $31.00 in a research note on Tuesday, January 16th. Truist Financial lifted their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 price objective for the company. Seven research 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 an average rating of “Hold” and a consensus price target of $33.58.

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.