Ieq Capital LLC purchased a new position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,924 shares of the real estate investment trust’s stock, valued at approximately $1,570,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Resources Management Corp CT ADV grew its position in shares of Omega Healthcare Investors by 300.0% during the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 450 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 268 shares during the period. Ascentis Independent Advisors bought a new position in Omega Healthcare Investors in the 1st quarter worth approximately $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Omega Healthcare Investors during the 4th quarter valued at approximately $37,000. Finally, Rothschild Investment LLC grew its holdings in Omega Healthcare Investors by 283.7% during the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 698 shares in the last quarter. 65.25% of the stock is owned by institutional investors.
Omega Healthcare Investors Stock Performance
NYSE OHI opened at $46.92 on Wednesday. The company has a market capitalization of $14.22 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.88 and a beta of 0.57. Omega Healthcare Investors, Inc. has a one year low of $39.26 and a one year high of $52.39. The stock has a 50 day moving average price of $48.24 and a 200-day moving average price of $47.08.
Omega Healthcare Investors Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.8%. 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. Omega Healthcare Investors’s dividend payout ratio is 97.14%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Barclays started 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. Raymond James Financial started coverage on shares of Omega Healthcare Investors in a report on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price target on the stock. Truist Financial decreased their price target on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Royal Bank Of Canada increased their price objective on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. Finally, BMO Capital Markets restated a “market perform” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.21.
Get Our Latest Research Report on OHI
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.
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