SG Americas Securities LLC grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 208.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,145 shares of the real estate investment trust’s stock after buying an additional 41,339 shares during the period. SG Americas Securities LLC’s holdings in Omega Healthcare Investors were worth $1,676,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in Omega Healthcare Investors in the fourth quarter worth $25,000. Atticus Wealth Management LLC purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at about $25,000. National Bank of Canada FI boosted its holdings in Omega Healthcare Investors by 1,146.7% in the fourth quarter. National Bank of Canada FI now owns 935 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 860 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Omega Healthcare Investors during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 66.04% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Wells Fargo & Company began coverage on shares of Omega Healthcare Investors in a research report on Wednesday, April 19th. They set an “overweight” rating and a $30.00 target price on the stock. Credit Suisse Group restated an “underperform” rating and issued a $25.00 target price on shares of Omega Healthcare Investors in a research note on Friday, March 31st. StockNews.com upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Truist Financial increased their price target on shares of Omega Healthcare Investors from $29.00 to $33.00 in a report on Wednesday, June 21st. Finally, Stifel Nicolaus cut their price objective on shares of Omega Healthcare Investors from $36.00 to $33.00 in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.56.
Omega Healthcare Investors Trading Up 0.1 %
Omega Healthcare Investors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.67 per share. The ex-dividend date is Friday, July 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.19%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 233.05%.
About Omega Healthcare Investors
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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