Vanguard Group Inc. Purchases 1,003,927 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Vanguard Group Inc. boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 3.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,867,871 shares of the real estate investment trust's stock after purchasing an additional 1,003,927 shares during the quarter. Vanguard Group Inc. owned about 14.23% of Omega Healthcare Investors worth $1,156,219,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Jump Financial LLC grew its stake in Omega Healthcare Investors by 547.8% during the 3rd quarter. Jump Financial LLC now owns 82,311 shares of the real estate investment trust's stock worth $2,729,000 after buying an additional 69,605 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Omega Healthcare Investors by 37.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 195,474 shares of the real estate investment trust's stock valued at $6,482,000 after acquiring an additional 52,965 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Omega Healthcare Investors in the third quarter valued at about $213,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Omega Healthcare Investors by 8.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,824,071 shares of the real estate investment trust's stock worth $93,646,000 after buying an additional 227,609 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Omega Healthcare Investors by 60.7% during the third quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust's stock worth $44,613,000 after buying an additional 508,327 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

OHI traded up $0.25 during trading on Wednesday, reaching $31.21. 1,190,485 shares of the stock were exchanged, compared to its average volume of 1,914,422. Omega Healthcare Investors, Inc. has a 1 year low of $25.61 and a 1 year high of $34.77. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 9.82 and a beta of 0.92. The business's 50 day moving average price is $30.31 and its two-hundred day moving average price is $31.48. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76.

Omega Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid a $0.67 dividend. This is a boost from Omega Healthcare Investors's previous quarterly dividend of $0.18. This represents a $2.68 annualized dividend and a yield of 8.59%. The ex-dividend date was Friday, February 2nd. Omega Healthcare Investors's payout ratio is presently 270.71%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OHI shares. Truist Financial decreased their price objective on Omega Healthcare Investors from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Tuesday, December 26th. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Mizuho reduced their target price on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, January 3rd. BNP Paribas upgraded shares of Omega Healthcare Investors from an "underperform" rating to a "neutral" rating and set a $30.00 price target on the stock in a research note on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a "buy" rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $32.73.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.