New Age Alpha Advisors LLC lifted its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 48.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,870 shares of the real estate investment trust’s stock after buying an additional 29,432 shares during the period. New Age Alpha Advisors LLC’s holdings in Omega Healthcare Investors were worth $3,985,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of OHI. Royal Bank of Canada grew its position in shares of Omega Healthcare Investors by 29.4% in the 1st quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock worth $5,496,000 after buying an additional 32,798 shares during the last quarter. Focus Partners Wealth grew its position in shares of Omega Healthcare Investors by 3.1% in the 1st 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 during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Omega Healthcare Investors in the 2nd quarter worth approximately $257,000. Guggenheim Capital LLC grew its position in shares of Omega Healthcare Investors by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after buying an additional 280 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Omega Healthcare Investors by 32.8% in the 2nd quarter. First Trust Advisors LP now owns 193,099 shares of the real estate investment trust’s stock worth $7,077,000 after buying an additional 47,649 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.
Omega Healthcare Investors Trading Up 0.1%
Shares of Omega Healthcare Investors stock opened at $47.94 on Tuesday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. Omega Healthcare Investors, Inc. has a 12-month low of $35.70 and a 12-month high of $49.33. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.14 and a beta of 0.59. The firm’s 50 day simple moving average is $46.35 and its two-hundred day simple moving average is $45.59.
Omega Healthcare Investors Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, May 4th. This represents a $2.68 dividend on an annualized basis and a yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio is presently 129.47%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on OHI. Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on shares of Omega Healthcare Investors from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Citigroup lifted their price objective on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Scotiabank boosted their target price on shares of Omega Healthcare Investors from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, BMO Capital Markets restated a “market perform” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.00.
Get Our Latest Stock Analysis on Omega Healthcare Investors
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.
Featured Articles
- Five stocks we like better than Omega Healthcare Investors
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.
