Diversify Advisory Services LLC bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 42,428 shares of the real estate investment trust’s stock, valued at approximately $2,181,000.
A number of other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC increased its position in Omega Healthcare Investors by 2.3% during the fourth quarter. Bogart Wealth LLC now owns 10,461 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 237 shares during the period. GeoWealth Management LLC boosted its holdings in shares of Omega Healthcare Investors by 1.3% in the third quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock valued at $796,000 after acquiring an additional 239 shares during the period. Community Bank of Raymore grew its position in shares of Omega Healthcare Investors by 1.0% during the first quarter. Community Bank of Raymore now owns 26,540 shares of the real estate investment trust’s stock worth $1,163,000 after acquiring an additional 260 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of Omega Healthcare Investors by 2.7% during the fourth quarter. EntryPoint Capital LLC now owns 9,912 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 260 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Omega Healthcare Investors by 3.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 262 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Performance
NYSE:OHI opened at $46.51 on Wednesday. Omega Healthcare Investors, Inc. has a 1 year low of $39.26 and a 1 year high of $52.39. The stock has a fifty day moving average price of $48.11 and a two-hundred day moving average price of $46.95. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.97 and a beta of 0.57.
Omega Healthcare Investors Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.68 per share. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Monday, August 3rd. Omega Healthcare Investors’s payout ratio is presently 97.14%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on OHI. Scotiabank decreased their price target on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Wells Fargo & Company increased their target price on shares of Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Raymond James Financial started coverage on Omega Healthcare Investors in a report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 price target on the stock. Finally, Citigroup boosted their price target on Omega Healthcare Investors from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.21.
Get Our Latest 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.
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