Highlander Capital Management LLC Raises Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Highlander Capital Management LLC grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 150.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,250 shares of the real estate investment trust’s stock after purchasing an additional 750 shares during the quarter. Highlander Capital Management LLC’s holdings in Omega Healthcare Investors were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OHI. Qube Research & Technologies Ltd purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at $25,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at $27,000. Point72 Asset Management L.P. purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at $32,000. Peoples Bank KS purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at $33,000. Finally, NBC Securities Inc. purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OHI. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a report on Thursday, February 8th. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their target price for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Truist Financial upped their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Mizuho cut their price target on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.58.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded up $0.72 during midday trading on Friday, reaching $31.93. The company had a trading volume of 994,925 shares, compared to its average volume of 1,829,926. The company has a market capitalization of $7.83 billion, a P/E ratio of 31.53, a P/E/G ratio of 10.23 and a beta of 0.91. Omega Healthcare Investors, Inc. has a 12-month low of $26.00 and a 12-month high of $34.77. The firm’s fifty day simple moving average is $30.59 and its 200-day simple moving average is $31.39. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76.

Omega Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a $0.67 dividend. The ex-dividend date was Friday, February 2nd. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 dividend on an annualized basis and a yield of 8.39%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 270.71%.

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.