State of Michigan Retirement System reduced its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 59,163 shares of the real estate investment trust’s stock after selling 500 shares during the period. State of Michigan Retirement System’s holdings in Omega Healthcare Investors were worth $1,622,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Omega Healthcare Investors by 6.6% in the 1st quarter. US Bancorp DE now owns 20,517 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 1,270 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Omega Healthcare Investors by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 326,488 shares of the real estate investment trust’s stock valued at $10,510,000 after purchasing an additional 17,447 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Omega Healthcare Investors by 13.1% in the 1st quarter. Cetera Investment Advisers now owns 67,846 shares of the real estate investment trust’s stock valued at $2,114,000 after purchasing an additional 7,873 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of Omega Healthcare Investors in the 1st quarter valued at $248,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Omega Healthcare Investors by 5.3% in the 1st quarter. Baird Financial Group Inc. now owns 184,776 shares of the real estate investment trust’s stock valued at $5,758,000 after purchasing an additional 9,270 shares during the last quarter. 66.04% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors Stock Performance
Shares of OHI stock opened at $32.73 on Friday. Omega Healthcare Investors, Inc. has a 12 month low of $25.61 and a 12 month high of $33.71. 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 firm has a market capitalization of $7.67 billion, a P/E ratio of 28.46 and a beta of 0.99. The company’s fifty day moving average price is $30.49 and its two-hundred day moving average price is $28.72.
Omega Healthcare Investors Announces Dividend
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Credit Suisse Group reiterated an “underperform” rating and issued a $25.00 price target on shares of Omega Healthcare Investors in a report on Friday, March 31st. Mizuho reduced their target price on shares of Omega Healthcare Investors from $32.00 to $31.00 in a report on Tuesday, May 30th. StockNews.com upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Wells Fargo & Company assumed coverage on shares of Omega Healthcare Investors in a report on Wednesday, April 19th. They set an “overweight” rating and a $30.00 target price on the stock. Finally, Truist Financial lifted their target price on shares of Omega Healthcare Investors from $29.00 to $33.00 in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Omega Healthcare Investors presently has a consensus rating of “Hold” and a consensus target price of $30.56.
Omega Healthcare Investors Company Profile
Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.
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