Strs Ohio Acquires 175,909 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Strs Ohio increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 46.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 552,110 shares of the real estate investment trust's stock after purchasing an additional 175,909 shares during the quarter. Strs Ohio owned about 0.23% of Omega Healthcare Investors worth $16,927,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OHI. Qube Research & Technologies Ltd acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $25,000. Resurgent Financial Advisors LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at about $27,000. Point72 Asset Management L.P. acquired a new stake in Omega Healthcare Investors in the 2nd quarter valued at about $32,000. Peoples Bank KS acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $33,000. Finally, NBC Securities Inc. acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BNP Paribas raised shares of Omega Healthcare Investors from an "underperform" rating to a "neutral" rating and set a $30.00 price target for the company in a report on Thursday, February 8th. Mizuho decreased 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 report on Wednesday, January 3rd. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Citigroup upgraded shares of Omega Healthcare Investors from a "neutral" rating to a "buy" rating and raised their target price for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Truist Financial raised their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Tuesday, April 2nd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $33.58.

Omega Healthcare Investors Stock Down 0.5 %

Shares of NYSE OHI traded down $0.16 during mid-day trading on Wednesday, reaching $29.95. The company had a trading volume of 1,733,722 shares, compared to its average volume of 1,766,861. The stock has a fifty day moving average of $30.99 and a two-hundred day moving average of $31.24. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 9.93 and a beta of 0.91. Omega Healthcare Investors, Inc. has a 12-month low of $26.00 and a 12-month high of $34.77.

Omega Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.95%. This is a positive change from Omega Healthcare Investors's previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 2nd. Omega Healthcare Investors's dividend payout ratio is 270.71%.

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.