Landscape Capital Management L.L.C. bought a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 16,528 shares of the real estate investment trust’s stock, valued at approximately $788,000.
Other large investors also recently made changes to their positions in the company. Resources Management Corp CT ADV grew its stake 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 during the period. Ascentis Independent Advisors acquired a new position in Omega Healthcare Investors in the first quarter valued at about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Omega Healthcare Investors in the fourth quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Omega Healthcare Investors by 53.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 315 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Price Performance
NYSE OHI opened at $46.66 on Monday. The firm has a market cap of $14.14 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.89 and a beta of 0.57. The stock’s 50-day moving average is $48.18 and its 200-day moving average is $47.02. Omega Healthcare Investors, Inc. has a one year low of $39.26 and a one year high of $52.39.
Omega Healthcare Investors Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.68 dividend. 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. This represents a $2.72 dividend on an annualized basis and a yield of 5.8%. Omega Healthcare Investors’s payout ratio is presently 97.14%.
Wall Street Analysts Forecast Growth
OHI has been the subject of several analyst reports. BMO Capital Markets restated a “market perform” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research report on Monday, May 4th. Raymond James Financial started coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price target on the stock. Truist Financial reduced their price objective 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. Cantor Fitzgerald boosted their price objective on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada upped their target price 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. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.21.
View Our Latest Stock Analysis on OHI
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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