Northwestern Mutual Wealth Management Co. grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 3,178.8% in the 4th quarter, Holdings Channel reports. The fund owned 58,429 shares of the real estate investment trust’s stock after acquiring an additional 56,647 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Omega Healthcare Investors were worth $2,591,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 268 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Omega Healthcare Investors by 823.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,228 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,095 shares in the last quarter. Addison Advisors LLC acquired a new stake in shares of Omega Healthcare Investors during the third quarter valued at about $59,000. Finally, CI Investments Inc. grew its stake in shares of Omega Healthcare Investors by 19.8% during the third quarter. CI Investments Inc. now owns 1,715 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 283 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Up 0.1%
NYSE:OHI opened at $47.94 on Tuesday. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. Omega Healthcare Investors, Inc. has a one year low of $35.70 and a one year high of $49.33. The stock has a 50-day simple moving average of $46.35 and a 200 day simple moving average of $45.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.32 and a current ratio of 5.32.
Omega Healthcare Investors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, May 4th. Omega Healthcare Investors’s payout ratio is presently 129.47%.
Wall Street Analyst Weigh In
OHI has been the subject of several recent analyst reports. Scotiabank raised their target price on Omega Healthcare Investors from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday. Cantor Fitzgerald lifted their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Royal Bank Of Canada lifted their price target on Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. BMO Capital Markets reiterated a “market perform” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a research note on Monday, May 4th. Finally, UBS Group lifted their price target on Omega Healthcare Investors from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and an average price target of $49.00.
Check Out Our Latest Stock Analysis on Omega Healthcare Investors
Omega Healthcare Investors 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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