Resources Investment Advisors LLC. reduced its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,144 shares of the real estate investment trust’s stock after selling 642 shares during the quarter. Resources Investment Advisors LLC.’s holdings in Omega Healthcare Investors were worth $251,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Moody National Bank Trust Division boosted its holdings in shares of Omega Healthcare Investors by 2.5% during the first quarter. Moody National Bank Trust Division now owns 25,213 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 621 shares during the last quarter. Van ECK Associates Corp increased its position in shares of 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 acquiring an additional 4,888 shares during the last quarter. AGF Management Ltd. increased its position in shares of Omega Healthcare Investors by 12.0% during the first quarter. AGF Management Ltd. now owns 128,291 shares of the real estate investment trust’s stock worth $3,516,000 after acquiring an additional 13,734 shares during the last quarter. Amalgamated Bank increased its position in shares of Omega Healthcare Investors by 12.6% during 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. Finally, Nisa Investment Advisors LLC increased its position in shares of Omega Healthcare Investors by 9.3% during the first quarter. Nisa Investment Advisors LLC now owns 123,625 shares of the real estate investment trust’s stock worth $3,389,000 after acquiring an additional 10,499 shares during the last quarter. 66.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on OHI. Truist Financial upped their target price on Omega Healthcare Investors from $29.00 to $33.00 in a report on Wednesday, June 21st. Stifel Nicolaus cut their target price on Omega Healthcare Investors from $36.00 to $33.00 in a research report on Wednesday, May 3rd. Wells Fargo & Company upped their price target on Omega Healthcare Investors from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. BMO Capital Markets assumed coverage on shares of Omega Healthcare Investors in a research note on Thursday, July 27th. They set a “market perform” rating and a $34.50 target price on the stock. Finally, StockNews.com upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.25.
Omega Healthcare Investors Stock Performance
Shares of OHI stock opened at $30.55 on Friday. Omega Healthcare Investors, Inc. has a 12 month low of $25.61 and a 12 month high of $33.28. The company has a current ratio of 5.55, a quick ratio of 5.55 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $7.48 billion, a PE ratio of 29.95 and a beta of 1.00. The firm has a fifty day simple moving average of $31.30 and a two-hundred day simple moving average of $29.20.
Omega Healthcare Investors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend was Friday, July 28th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 262.75%.
Omega Healthcare Investors 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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