Quantbot Technologies LP bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 14,471 shares of the real estate investment trust’s stock, valued at approximately $690,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Omega Healthcare Investors in the second quarter valued at approximately $1,838,155,000. Bank of New York Mellon Corp purchased a new stake in Omega Healthcare Investors in the second quarter worth $275,230,000. Norges Bank bought a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at $156,166,000. Invesco Ltd. raised its stake in shares of Omega Healthcare Investors by 101.7% in the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after buying an additional 2,493,877 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Omega Healthcare Investors during the 4th quarter valued at $93,476,000. 65.25% of the stock is owned by institutional investors.
Omega Healthcare Investors Stock Down 1.5%
Shares of NYSE OHI opened at $46.29 on Friday. The company has a market cap of $14.03 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.90 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 52 week low of $39.26 and a 52 week high of $52.39. The business has a 50-day simple moving average of $48.32 and a two-hundred day simple moving average of $47.09.
Omega Healthcare Investors Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a dividend of $0.68 per share. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd. Omega Healthcare Investors’s dividend payout ratio is presently 97.14%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on OHI shares. Royal Bank Of Canada increased their price target 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. Raymond James Financial started coverage on Omega Healthcare Investors in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price objective on the stock. Scotiabank dropped their price objective on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Barclays began coverage on shares of Omega Healthcare Investors in a research report on Tuesday, July 7th. They set an “underweight” rating and a $51.00 target price for the company. Finally, Citigroup lifted their target price on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.21.
Get Our Latest Analysis on Omega Healthcare Investors
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.
Read More
- Five stocks we like better than Omega Healthcare Investors
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.
