Elo Mutual Pension Insurance Co Acquires 24,902 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Elo Mutual Pension Insurance Co increased its stake in Omega Healthcare Investors (NYSE:OHI) by 110.6% in Q3, buying 24,902 shares to hold 47,412 shares valued at about $2.00 million.
• Omega Healthcare Investors pays a quarterly dividend of $0.67 (annualized $2.68), implying a ~5.7% yield and a payout ratio of 138.86%.
• Analysts have a consensus rating of Moderate Buy on OHI with an average target of $47.64, while notable price targets include Goldman Sachs $54 and UBS $52.

Elo Mutual Pension Insurance Co grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 110.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,412 shares of the real estate investment trust's stock after buying an additional 24,902 shares during the period. Elo Mutual Pension Insurance Co's holdings in Omega Healthcare Investors were worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in OHI. Smartleaf Asset Management LLC grew its position in Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 268 shares in the last quarter. Guggenheim Capital LLC lifted its stake 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 valued at $1,077,000 after purchasing an additional 280 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Omega Healthcare Investors by 11.0% in the 3rd quarter. UMB Bank n.a. now owns 2,965 shares of the real estate investment trust's stock worth $125,000 after purchasing an additional 293 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Omega Healthcare Investors by 0.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 60,924 shares of the real estate investment trust's stock valued at $2,233,000 after purchasing an additional 301 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Omega Healthcare Investors by 3.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,183 shares of the real estate investment trust's stock valued at $472,000 after buying an additional 335 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Down 0.2%

Shares of OHI opened at $47.37 on Thursday. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.53 and a beta of 0.54. 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, Inc. has a 1-year low of $35.04 and a 1-year high of $49.14. The company has a 50-day moving average of $45.25 and a 200 day moving average of $43.60.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, February 9th. Omega Healthcare Investors's payout ratio is currently 138.86%.

Analyst Ratings Changes

A number of research firms have weighed in on OHI. UBS Group reiterated a "buy" rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Scotiabank lifted their price target on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the stock a "sector perform" rating in a research note on Monday. Citigroup reissued a "buy" rating and issued a $50.00 price objective (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. The Goldman Sachs Group initiated coverage on Omega Healthcare Investors in a research report on Friday, January 9th. They set a "buy" rating and a $54.00 target price for the company. Finally, Truist Financial upped their target price on Omega Healthcare Investors from $44.00 to $46.00 and gave the company a "hold" rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of "Moderate Buy" and an average target price of $47.64.

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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