Fund Advisors of America Inc FL acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,615 shares of the real estate investment trust’s stock, valued at approximately $1,317,000. Omega Healthcare Investors makes up about 1.2% of Fund Advisors of America Inc FL’s portfolio, making the stock its 26th largest position.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Omega Healthcare Investors during the second quarter worth about $1,838,155,000. Bank of New York Mellon Corp acquired a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at about $275,230,000. Norges Bank acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $156,166,000. Invesco Ltd. grew its stake in Omega Healthcare Investors by 101.7% during the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after buying an additional 2,493,877 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth approximately $93,476,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.
Omega Healthcare Investors Stock Down 0.2%
NYSE OHI opened at $46.66 on Friday. Omega Healthcare Investors, Inc. has a 52-week low of $39.26 and a 52-week high of $52.39. The business’s 50-day moving average price is $48.18 and its 200 day moving average price is $46.99. The firm has a market cap of $14.14 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.89 and a beta of 0.57.
Omega Healthcare Investors Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.8%. Omega Healthcare Investors’s dividend payout ratio is presently 97.14%.
Wall Street Analysts Forecast Growth
OHI has been the topic of several research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research report on Monday, May 4th. Weiss Ratings raised Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Scotiabank lowered their target price on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Barclays began coverage on shares of Omega Healthcare Investors in a report on Tuesday, July 7th. They issued an “underweight” rating and a $51.00 target price on the stock. Finally, Raymond James Financial initiated coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and an average target price of $49.21.
Check Out Our Latest Research Report on OHI
About Omega Healthcare Investors
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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