Columbus Macro LLC raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 6.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 263,660 shares of the real estate investment trust’s stock after buying an additional 16,157 shares during the quarter. Omega Healthcare Investors comprises about 1.2% of Columbus Macro LLC’s portfolio, making the stock its 17th largest holding. Columbus Macro LLC’s holdings in Omega Healthcare Investors were worth $12,210,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of OHI. Focus Financial Network Inc. grew its stake in shares of Omega Healthcare Investors by 6.0% during the 3rd quarter. Focus Financial Network Inc. now owns 38,995 shares of the real estate investment trust’s stock worth $1,806,000 after acquiring an additional 2,220 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Omega Healthcare Investors by 31.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,703 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 1,585 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Omega Healthcare Investors by 81.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 16,587 shares of the real estate investment trust’s stock worth $732,000 after purchasing an additional 7,422 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Omega Healthcare Investors by 1,616.0% in the third quarter. Sound Income Strategies LLC now owns 234,027 shares of the real estate investment trust’s stock worth $10,330,000 after purchasing an additional 220,389 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Omega Healthcare Investors by 9.2% in the third quarter. GAMMA Investing LLC now owns 12,254 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 1,029 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Stock Performance
NYSE:OHI traded down $0.15 during mid-day trading on Wednesday, hitting $45.07. The stock had a trading volume of 1,351,562 shares, compared to its average volume of 2,076,831. Omega Healthcare Investors, Inc. has a twelve month low of $39.26 and a twelve month high of $52.39. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.82 and a beta of 0.53. The company’s 50 day simple moving average is $46.44 and its 200 day simple moving average is $46.91.
Omega Healthcare Investors Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a $0.68 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change 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 6.0%. Omega Healthcare Investors’s payout ratio is 97.14%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Omega Healthcare Investors in a report on Friday, September 25th. UBS Group decreased their target price on shares of Omega Healthcare Investors from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup lifted their price target on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Scotiabank lowered their price target on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Finally, Cantor Fitzgerald boosted their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.93.
View Our Latest Stock Analysis on Omega Healthcare Investors
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a real estate investment trust (REIT) focused on healthcare facilities, with an emphasis on skilled nursing and assisted living properties. The company owns or invests in healthcare real estate and leases its properties to operators that provide care and related services to residents.
Omega generally uses long-term, predominantly triple-net lease arrangements, under which tenants are responsible for many property-level expenses, including maintenance, insurance and taxes.
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