Deutsche Bank AG Boosts Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Posted by Defense World Staff on Jun 11th, 2023

Deutsche Bank AG lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,783,016 shares of the real estate investment trust’s stock after buying an additional 308,457 shares during the quarter. Deutsche Bank AG owned 0.76% of Omega Healthcare Investors worth $49,835,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in 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 worth $1,967,000 after purchasing an additional 394 shares in the last quarter. Kovack Advisors Inc. boosted its position in Omega Healthcare Investors by 11.3% during the third quarter. Kovack Advisors Inc. now owns 8,966 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 913 shares in the last quarter. Belpointe Asset Management LLC boosted its position in Omega Healthcare Investors by 71.9% during the third quarter. Belpointe Asset Management LLC now owns 18,429 shares of the real estate investment trust’s stock worth $543,000 after purchasing an additional 7,708 shares in the last quarter. Van ECK Associates Corp boosted its position in Omega Healthcare Investors by 8.3% during the fourth quarter. Van ECK Associates Corp now owns 63,728 shares of the real estate investment trust’s stock worth $1,781,000 after purchasing an additional 4,888 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Omega Healthcare Investors by 12.6% in the fourth quarter. Amalgamated Bank now owns 189,070 shares of the real estate investment trust’s stock worth $5,285,000 after acquiring an additional 21,158 shares during the last quarter. 63.58% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $31.11 on Friday. The firm has a market capitalization of $7.29 billion, a PE ratio of 27.05 and a beta of 1.00. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.76 and a quick ratio of 4.76. The business has a 50-day moving average of $28.35 and a two-hundred day moving average of $28.29. Omega Healthcare Investors, Inc. has a 12 month low of $25.61 and a 12 month high of $33.71.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were paid a dividend of $0.67 per share. The ex-dividend date was Friday, April 28th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 annualized dividend and a yield of 8.61%. Omega Healthcare Investors’s dividend payout ratio is currently 233.05%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com cut Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Raymond James cut their price target on Omega Healthcare Investors from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, February 15th. Citigroup cut their price target on Omega Healthcare Investors from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Credit Suisse Group reissued an “underperform” rating and issued a $25.00 price target on shares of Omega Healthcare Investors in a report on Friday, March 31st. Finally, Stifel Nicolaus cut their price target on Omega Healthcare Investors from $36.00 to $33.00 in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.40.

Omega Healthcare Investors Company Profile

(Get Rating)

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.