Burney Co. Purchases 60,539 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Burney Co. increased its position in Omega Healthcare Investors (OHI) by 23.9%, buying 60,539 shares to own 313,680 shares worth about $13.91 million (≈0.11% of the company).
• Analysts' consensus on OHI is a Hold with a $48.00 price target; six analysts rate the stock Buy and seven rate it Hold, and several firms recently raised targets (e.g., UBS $52, RBC $47).
• OHI pays a quarterly dividend of $0.67 ($2.68 annual) for a 5.8% yield, but the dividend payout ratio is high at 138.86%, indicating the payout may be unsustainably large relative to earnings.

Burney Co. increased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 313,680 shares of the real estate investment trust's stock after buying an additional 60,539 shares during the period. Burney Co. owned 0.11% of Omega Healthcare Investors worth $13,909,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock worth $34,000 after buying an additional 268 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Omega Healthcare Investors in the third quarter valued at $39,000. True Wealth Design LLC increased its stake in Omega Healthcare Investors by 273.5% in the third quarter. True Wealth Design LLC now owns 1,113 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 815 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Omega Healthcare Investors in the fourth quarter valued at $47,000. Finally, SJS Investment Consulting Inc. increased its stake in Omega Healthcare Investors by 1,159.0% in the third quarter. SJS Investment Consulting Inc. now owns 1,259 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 1,159 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on OHI. Royal Bank Of Canada lifted their price target on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 10th. UBS Group reaffirmed a "buy" rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Omega Healthcare Investors from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Monday, April 6th. Wells Fargo & Company lifted their price target on shares of Omega Healthcare Investors from $45.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, March 26th. Finally, Scotiabank lifted their price target on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company a "sector perform" rating in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.00.

Omega Healthcare Investors Stock Up 0.2%

Shares of NYSE OHI opened at $45.82 on Friday. The stock has a market capitalization of $13.54 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.94 and a beta of 0.59. The company has a 50-day moving average price of $46.19 and a 200-day moving average price of $44.32. Omega Healthcare Investors, Inc. has a 1 year low of $35.08 and a 1 year high of $49.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders 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 dividend yield of 5.8%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 138.86%.

Omega Healthcare Investors Company 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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