Omega Healthcare Investors, Inc. $OHI Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 42,152,368 shares of the real estate investment trust’s stock after acquiring an additional 1,386,887 shares during the period. Vanguard Group Inc. owned approximately 0.14% of Omega Healthcare Investors worth $1,779,673,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Omega Healthcare Investors in the 2nd quarter valued at about $121,800,000. Hudson Bay Capital Management LP purchased a new stake in shares of Omega Healthcare Investors during the second quarter worth about $71,312,000. JPMorgan Chase & Co. raised its position in shares of Omega Healthcare Investors by 77.9% in the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after buying an additional 1,496,059 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its stake in shares of Omega Healthcare Investors by 165.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock valued at $84,767,000 after buying an additional 1,441,692 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Omega Healthcare Investors by 87.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,758,110 shares of the real estate investment trust’s stock worth $64,435,000 after acquiring an additional 817,897 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Down 0.0%

OHI opened at $46.74 on Friday. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $47.94. The firm has a 50 day moving average price of $44.64 and a 200 day moving average price of $43.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. The company has a market cap of $13.81 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 5.7%. Omega Healthcare Investors’s payout ratio is presently 138.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $45.00 price objective on shares of Omega Healthcare Investors in a report on Monday, December 15th. Cantor Fitzgerald upped their price objective on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $45.00 in a report on Thursday, January 29th. Truist Financial raised their target price on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, December 1st. Finally, Royal Bank Of Canada upped their price target on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.36.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.