Wealth Enhancement Advisory Services LLC Purchases 154,678 Shares of Omega Healthcare Investors, Inc. $OHI

Wealth Enhancement Advisory Services LLC lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 171.3% during the fourth quarter, Holdings Channel reports. The firm owned 244,958 shares of the real estate investment trust’s stock after acquiring an additional 154,678 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Omega Healthcare Investors were worth $10,876,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OHI. Salem Investment Counselors Inc. purchased a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $39,000. Smartleaf Asset Management LLC boosted its stake in shares of Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Omega Healthcare Investors by 273.5% in the third quarter. True Wealth Design LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 815 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Omega Healthcare Investors by 1,159.0% in the third quarter. SJS Investment Consulting Inc. now owns 1,259 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Addison Advisors LLC purchased a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $59,000. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $44.54 on Friday. The company has a market capitalization of $13.16 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.88 and a beta of 0.54. The business has a fifty day simple moving average of $45.98 and a two-hundred day simple moving average of $44.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $49.14.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 6.0%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 138.86%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OHI. The Goldman Sachs Group initiated coverage on Omega Healthcare Investors in a research report on Friday, January 9th. They issued a “buy” rating and a $54.00 price objective on the stock. Truist Financial raised their target price on Omega Healthcare Investors from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, March 5th. Jefferies Financial Group reiterated a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Wells Fargo & Company increased their price target on shares of Omega Healthcare Investors from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.00.

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.