Landscape Capital Management L.L.C. purchased a new stake in shares of 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 firm purchased 16,528 shares of the real estate investment trust’s stock, valued at approximately $788,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of 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 worth $5,496,000 after buying an additional 32,798 shares in the last quarter. Focus Partners Wealth boosted its holdings 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 acquiring an additional 597 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter worth approximately $257,000. Guggenheim Capital LLC grew its position in Omega Healthcare Investors by 1.0% during the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after acquiring an additional 280 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Omega Healthcare Investors by 32.8% during 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 acquiring an additional 47,649 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Performance
NYSE OHI opened at $46.66 on Monday. The stock has a market capitalization of $14.14 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 52 week low of $39.26 and a 52 week high of $52.39. The stock has a fifty day moving average of $48.18 and a 200-day moving average of $47.02.
Omega Healthcare Investors Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Monday, August 3rd. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio is currently 97.14%.
Wall Street Analyst Weigh In
OHI has been the subject of several research analyst reports. Cantor Fitzgerald lifted their price objective on Omega Healthcare Investors from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. BMO Capital Markets restated a “market perform” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a report on Monday, May 4th. Raymond James Financial initiated coverage on Omega Healthcare Investors in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 target price for the company. Wells Fargo & Company lifted their price target on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, UBS Group set a $47.00 price target on Omega Healthcare Investors in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.21.
View Our Latest Research Report on OHI
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.
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