Russell Investments Group Ltd. Raises Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• Russell Investments Group raised its stake in Omega Healthcare Investors by 32.7%, buying 507,668 shares to hold 2,059,407 shares (about 0.70% of the company) worth roughly $86.95 million.
• Omega Healthcare pays a quarterly dividend of $0.67 (annualized $2.68) for a yield of 5.6%, but the payout ratio is high at about 138.9%, suggesting dividends exceed reported earnings.
• Analysts are mixed—six Buys and seven Holds—resulting in an average MarketBeat target of $47.82 while the stock trades near $47.76, giving the company an overall consensus of Hold.

Russell Investments Group Ltd. lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,059,407 shares of the real estate investment trust's stock after purchasing an additional 507,668 shares during the quarter. Russell Investments Group Ltd. owned 0.70% of Omega Healthcare Investors worth $86,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada raised its position in 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 boosted its holdings in shares of Omega Healthcare Investors by 3.1% during the 1st quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust's stock valued at $756,000 after acquiring an additional 597 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $257,000. Moors & Cabot Inc. bought a new stake in shares of Omega Healthcare Investors in the second quarter worth approximately $262,000. Finally, Savant Capital LLC grew its stake in shares of Omega Healthcare Investors by 9.4% in the second quarter. Savant Capital LLC now owns 17,384 shares of the real estate investment trust's stock worth $637,000 after acquiring an additional 1,497 shares during the period. 65.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

OHI has been the topic of a number of research analyst reports. Cantor Fitzgerald increased their price objective on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Tuesday, February 10th. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $48.00 to $45.00 in a research report on Thursday, January 29th. UBS Group reiterated a "buy" rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Citigroup reissued a "buy" rating and set a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. Finally, Scotiabank raised their price target on Omega Healthcare Investors from $45.00 to $48.00 and gave the stock 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 assigned a Hold rating to the company. According to MarketBeat.com, Omega Healthcare Investors has an average rating of "Hold" and an average target price of $47.82.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $47.76 on Tuesday. The firm's 50 day moving average price is $45.43 and its 200-day moving average price is $43.74. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $49.14. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $14.12 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.55 and a beta of 0.54.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders 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 yield of 5.6%. The ex-dividend date of this dividend was Monday, February 9th. Omega Healthcare Investors's dividend payout ratio 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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