Inspire Investing LLC lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 30.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,449 shares of the real estate investment trust’s stock after purchasing an additional 17,915 shares during the period. Inspire Investing LLC’s holdings in Omega Healthcare Investors were worth $3,434,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in OHI. Royal Bank of Canada increased its stake in shares of Omega Healthcare Investors by 29.4% in the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock worth $5,496,000 after purchasing an additional 32,798 shares during the period. Focus Partners Wealth increased its stake in shares of Omega Healthcare Investors by 3.1% in the first quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock worth $756,000 after purchasing an additional 597 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Omega Healthcare Investors in the second quarter worth about $257,000. Guggenheim Capital LLC increased its stake in shares of Omega Healthcare Investors by 1.0% in the second quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after purchasing an additional 280 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Omega Healthcare Investors by 32.8% in the second quarter. First Trust Advisors LP now owns 193,099 shares of the real estate investment trust’s stock worth $7,077,000 after purchasing an additional 47,649 shares during the period. 65.25% of the stock is currently owned by institutional investors.
Omega Healthcare Investors Trading Down 1.8%
Shares of OHI opened at $44.70 on Thursday. Omega Healthcare Investors, Inc. has a 12-month low of $35.70 and a 12-month high of $49.33. 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 firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.94 and a beta of 0.58. The stock’s 50-day moving average price is $46.39 and its 200 day moving average price is $45.73.
Omega Healthcare Investors Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, May 4th. Omega Healthcare Investors’s payout ratio is currently 129.47%.
Wall Street Analysts Forecast Growth
OHI has been the topic of a number of recent analyst reports. UBS Group lifted their price objective 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. Citigroup reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday. Royal Bank Of Canada lifted their price objective 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 restated a “market perform” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research note on Monday, May 4th. Finally, Bank of America restated an “underperform” rating and set a $46.00 price target (down from $52.00) on shares of Omega Healthcare Investors in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.08.
Check Out Our Latest Report on Omega Healthcare Investors
About Omega Healthcare Investors
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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