Lifetime Wealth Management P.C. purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,718 shares of the real estate investment trust’s stock, valued at approximately $606,000.
Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC grew its position in shares of Omega Healthcare Investors by 2.3% during the fourth quarter. Bogart Wealth LLC now owns 10,461 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 237 shares in the last quarter. GeoWealth Management LLC increased its stake in shares of Omega Healthcare Investors by 1.3% during the third quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 239 shares during the period. Community Bank of Raymore raised its holdings in Omega Healthcare Investors by 1.0% in the first quarter. Community Bank of Raymore now owns 26,540 shares of the real estate investment trust’s stock valued at $1,163,000 after acquiring an additional 260 shares in the last quarter. EntryPoint Capital LLC raised its holdings in Omega Healthcare Investors by 2.7% in the fourth quarter. EntryPoint Capital LLC now owns 9,912 shares of the real estate investment trust’s stock valued at $439,000 after acquiring an additional 260 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Stock Down 1.5%
OHI stock opened at $46.29 on Friday. The business has a 50 day moving average price of $48.32 and a 200 day moving average price of $47.09. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.90 and a beta of 0.57. Omega Healthcare Investors, Inc. has a fifty-two week low of $39.26 and a fifty-two week high of $52.39.
Omega Healthcare Investors Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Monday, August 3rd. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 97.14%.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. BMO Capital Markets restated a “market perform” rating and issued a $52.00 price objective on shares of Omega Healthcare Investors in a report on Monday, May 4th. Cantor Fitzgerald lifted their price objective on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Raymond James Financial initiated coverage on shares of Omega Healthcare Investors in a research note on Tuesday, June 16th. They set an “outperform” rating and a $50.00 target price for the company. Finally, UBS Group set a $47.00 target price on Omega Healthcare Investors in a report on Thursday, June 18th. Six research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.21.
View Our Latest Stock 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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