Alaska Permanent Fund Corp Makes New Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Alaska Permanent Fund Corp bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,041 shares of the real estate investment trust’s stock, valued at approximately $952,000.

A number of other institutional investors also recently bought and sold shares of the company. Jump Financial LLC lifted its position in shares of Omega Healthcare Investors by 547.8% in the third quarter. Jump Financial LLC now owns 82,311 shares of the real estate investment trust’s stock valued at $2,729,000 after acquiring an additional 69,605 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Omega Healthcare Investors by 9.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust’s stock worth $20,355,000 after buying an additional 58,198 shares during the period. State of Alaska Department of Revenue lifted its position in Omega Healthcare Investors by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock worth $4,367,000 after buying an additional 1,232 shares during the period. Vanguard Group Inc. lifted its position in Omega Healthcare Investors by 3.0% during the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after buying an additional 1,003,927 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Omega Healthcare Investors by 6.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 155,078 shares of the real estate investment trust’s stock worth $4,755,000 after buying an additional 9,473 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Up 0.7 %

Shares of OHI stock opened at $30.90 on Friday. Omega Healthcare Investors, Inc. has a 1 year low of $26.00 and a 1 year high of $34.77. The stock has a market cap of $7.63 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 10.05 and a beta of 0.91. The business’s fifty day moving average is $31.00 and its 200-day moving average is $31.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 270.71%.

Analysts Set New Price Targets

OHI has been the subject of several research analyst reports. Bank of America lowered Omega Healthcare Investors from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $36.00 target price for the company. Mizuho lowered their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Finally, Truist Financial raised their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.58.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.