Wealth Enhancement Advisory Services LLC Purchases 154,678 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Wealth Enhancement Advisory Services LLC lifted its position by 171.3% in Q4, buying 154,678 shares to hold 244,958 shares of Omega Healthcare Investors—about $10.88 million or 0.08% of the company.
• Omega Healthcare paid a quarterly dividend of $0.67 (record Feb 9, paid Feb 17), equivalent to an annualized $2.68 and a 6.0% yield138.86%.
• The stock has a consensus rating of “Moderate Buy” with an average target of $48; shares traded near $44.54 (52‑week range $35.04–$49.14) and institutional investors own about 65.25% of the company.

Wealth Enhancement Advisory Services LLC lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 171.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,958 shares of the real estate investment trust's stock after buying an additional 154,678 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.08% of Omega Healthcare Investors worth $10,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OHI. Vanguard Group Inc. raised its position in shares of Omega Healthcare Investors by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust's stock worth $1,779,673,000 after acquiring an additional 1,386,887 shares in the last quarter. State Street Corp boosted its position in shares of Omega Healthcare Investors by 4.8% during the 2nd quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust's stock valued at $534,792,000 after purchasing an additional 671,473 shares in the last quarter. Invesco Ltd. grew its stake in Omega Healthcare Investors by 101.7% during the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust's stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the period. Dimensional Fund Advisors LP grew its stake in Omega Healthcare Investors by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,211,183 shares of the real estate investment trust's stock worth $177,790,000 after purchasing an additional 107,843 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Omega Healthcare Investors by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,201,353 shares of the real estate investment trust's stock worth $153,980,000 after purchasing an additional 100,462 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $44.54 on Friday. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.88 and a beta of 0.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $49.14. The firm's 50-day simple moving average is $45.98 and its 200 day simple moving average is $44.10.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 6.0%. Omega Healthcare Investors's payout ratio is presently 138.86%.

Analyst Ratings Changes

OHI has been the topic of a number of research analyst reports. UBS Group restated a "buy" rating and set a $52.00 price target on shares of Omega Healthcare Investors in a report on Friday, February 6th. The Goldman Sachs Group began coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They issued a "buy" rating and a $54.00 price objective for the company. Royal Bank Of Canada increased their target price on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 10th. 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. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $45.00 price objective on shares of Omega Healthcare Investors in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.00.

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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