Louisiana State Employees Retirement System Buys Shares of 68,800 Omega Healthcare Investors, Inc. (NYSE:OHI)

Louisiana State Employees Retirement System purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 68,800 shares of the real estate investment trust's stock, valued at approximately $2,109,000.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on OHI shares. BNP Paribas raised shares of Omega Healthcare Investors from an "underperform" rating to a "neutral" rating and set a $30.00 target price on the stock in a report on Thursday, February 8th. Bank of America lowered shares of Omega Healthcare Investors from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. Mizuho decreased their price target on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, January 3rd. Citigroup raised shares of Omega Healthcare Investors from a "neutral" rating to a "buy" rating and increased their price target for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.58.

Omega Healthcare Investors Stock Performance

NYSE:OHI remained flat at $29.96 during midday trading on Thursday. 1,441,619 shares of the company were exchanged, compared to its average volume of 1,762,524. The firm has a market capitalization of $7.35 billion, a PE ratio of 30.26, a P/E/G ratio of 9.86 and a beta of 0.91. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average of $31.03 and a two-hundred day moving average of $31.22. Omega Healthcare Investors, Inc. has a 52 week low of $26.00 and a 52 week high of $34.77.

Omega Healthcare Investors Increases Dividend

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

Omega Healthcare Investors Company Profile

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.