Intech Investment Management LLC Has $12.97 Million Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Intech Investment Management LLC grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 63.8% during the third quarter, HoldingsChannel.com reports. The firm owned 307,222 shares of the real estate investment trust’s stock after buying an additional 119,720 shares during the period. Intech Investment Management LLC’s holdings in Omega Healthcare Investors were worth $12,971,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in OHI. Vanguard Group Inc. lifted its stake in Omega Healthcare Investors by 3.4% in the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after buying an additional 1,386,887 shares during the period. State Street Corp increased its stake in shares of Omega Healthcare Investors by 4.8% in the 2nd quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after acquiring an additional 671,473 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Omega Healthcare Investors by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,377,761 shares of the real estate investment trust’s stock valued at $270,426,000 after acquiring an additional 326,595 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Omega Healthcare Investors by 2.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,201,353 shares of the real estate investment trust’s stock worth $153,980,000 after acquiring an additional 100,462 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Omega Healthcare Investors by 6.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock worth $158,799,000 after acquiring an additional 239,134 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Up 1.3%

Shares of OHI stock opened at $48.10 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $48.11. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $44.94 and a 200-day moving average of $43.38. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.53 and a beta of 0.57.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio is 138.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Cantor Fitzgerald boosted their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. BMO Capital Markets cut shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research report on Friday, January 9th. Truist Financial raised their price objective on Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, December 1st. Finally, The Goldman Sachs Group began coverage on Omega Healthcare Investors in a research note on Friday, January 9th. They issued a “buy” rating and a $54.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently 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.