Nomura Asset Management Co. Ltd. raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 448,537 shares of the real estate investment trust’s stock after purchasing an additional 19,527 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Omega Healthcare Investors were worth $19,888,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of OHI. Norges Bank acquired a new position in shares of Omega Healthcare Investors in the 4th quarter valued at about $156,166,000. Invesco Ltd. raised its holdings in shares of Omega Healthcare Investors by 101.7% in the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after purchasing an additional 2,493,877 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Omega Healthcare Investors by 77.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock worth $144,278,000 after purchasing an additional 1,496,059 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Omega Healthcare Investors by 84.6% during the third quarter. Daiwa Securities Group Inc. now owns 3,058,031 shares of the real estate investment trust’s stock valued at $129,110,000 after acquiring an additional 1,401,066 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Omega Healthcare Investors by 3.4% during the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after acquiring an additional 1,386,887 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.
Omega Healthcare Investors Trading Down 2.9%
Shares of Omega Healthcare Investors stock opened at $45.41 on Tuesday. The stock has a market capitalization of $13.52 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.58. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.81. The company has a 50-day simple moving average of $46.32 and a 200 day simple moving average of $45.71. Omega Healthcare Investors, Inc. has a 12-month low of $35.70 and a 12-month high of $49.33.
Omega Healthcare Investors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.67 per share. The ex-dividend date was Monday, May 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.9%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 129.47%.
Wall Street Analysts Forecast Growth
OHI has been the topic of several research reports. Royal Bank Of Canada upped 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 research note on Monday, May 4th. Truist Financial boosted their target price on shares of Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, March 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a report on Monday, May 4th. Scotiabank upped their price objective on shares of Omega Healthcare Investors from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company upped their price objective on shares of Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.17.
View Our Latest Stock Analysis on OHI
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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