Merit Financial Group LLC Boosts Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Posted by Defense World Staff on Mar 24th, 2023

Merit Financial Group LLC grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,255 shares of the real estate investment trust’s stock after buying an additional 932 shares during the quarter. Merit Financial Group LLC’s holdings in Omega Healthcare Investors were worth $985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital Analysts LLC raised its holdings in Omega Healthcare Investors by 23.1% in the second quarter. Capital Analysts LLC now owns 1,612 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 302 shares during the last quarter. Perritt Capital Management Inc. raised its holdings in shares of Omega Healthcare Investors by 1.8% during the third quarter. Perritt Capital Management Inc. now owns 18,769 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 324 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Omega Healthcare Investors by 1.6% during the third quarter. Avantax Advisory Services Inc. now owns 21,321 shares of the real estate investment trust’s stock valued at $629,000 after purchasing an additional 336 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Omega Healthcare Investors by 3.8% during the third quarter. Global Trust Asset Management LLC now owns 9,650 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 350 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Omega Healthcare Investors by 0.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 66,685 shares of the real estate investment trust’s stock valued at $1,967,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 63.58% of the company’s stock.

Omega Healthcare Investors Stock Performance

OHI opened at $25.73 on Friday. The firm has a market cap of $6.03 billion, a P/E ratio of 14.37 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 1-year low of $24.81 and a 1-year high of $33.71. The company has a 50 day simple moving average of $27.93 and a two-hundred day simple moving average of $29.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.01 and a quick ratio of 5.01.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Monday, February 6th were given a $0.67 dividend. The ex-dividend date was Friday, February 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 10.42%. Omega Healthcare Investors’s payout ratio is currently 149.72%.

Analyst Ratings Changes

Several research analysts have recently weighed in on OHI shares. Raymond James decreased their price objective on shares of Omega Healthcare Investors from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, February 15th. Robert W. Baird reduced their target price on shares of Omega Healthcare Investors from $32.00 to $29.00 in a report on Friday, January 13th. Credit Suisse Group cut shares of Omega Healthcare Investors from a “neutral” rating to an “underperform” rating and set a $25.00 target price for the company. in a report on Monday, January 9th. StockNews.com raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Citigroup reduced their target price on shares of Omega Healthcare Investors from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.22.

About Omega Healthcare Investors

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Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.