Russell Investments Group Ltd. Boosts Stake in Omega Healthcare Investors, Inc. $OHI

Russell Investments Group Ltd. increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 32.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,059,407 shares of the real estate investment trust’s stock after purchasing an additional 507,668 shares during the quarter. Russell Investments Group Ltd.’s holdings in Omega Healthcare Investors were worth $86,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in Omega Healthcare Investors by 29.4% during the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock valued at $5,496,000 after purchasing an additional 32,798 shares during the period. Focus Partners Wealth increased its position in Omega Healthcare Investors by 3.1% in the first quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 597 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Omega Healthcare Investors in the second quarter worth about $257,000. Moors & Cabot Inc. bought a new position in shares of Omega Healthcare Investors in the second quarter worth about $262,000. Finally, Savant Capital LLC lifted its position in shares of Omega Healthcare Investors by 9.4% during the 2nd quarter. Savant Capital LLC now owns 17,384 shares of the real estate investment trust’s stock valued at $637,000 after buying an additional 1,497 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OHI. Weiss Ratings downgraded Omega Healthcare Investors from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday. Cantor Fitzgerald lifted 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 lowered shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a research report on Friday, January 9th. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Finally, UBS Group restated a “buy” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.82.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $47.76 on Tuesday. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $49.14. The business has a 50-day moving average price of $45.43 and a 200-day moving average price of $43.74. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.55 and a beta of 0.54.

Omega Healthcare Investors Dividend Announcement

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

Omega Healthcare Investors Profile

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.