International Assets Investment Management LLC boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 2,977.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,089 shares of the real estate investment trust's stock after purchasing an additional 124,894 shares during the quarter. International Assets Investment Management LLC owned approximately 0.05% of Omega Healthcare Investors worth $4,210,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Peoples Bank KS bought a new stake in Omega Healthcare Investors in the third quarter valued at $33,000. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $34,000. Highlander Capital Management LLC boosted its position in shares of Omega Healthcare Investors by 150.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust's stock worth $38,000 after buying an additional 750 shares during the period. Clear Street Markets LLC bought a new position in Omega Healthcare Investors in the 3rd quarter worth approximately $73,000. Finally, Allworth Financial LP increased its position in Omega Healthcare Investors by 699.4% in the 4th quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 2,497 shares during the period. Institutional investors own 65.25% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. BNP Paribas raised 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. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a "buy" rating and a $36.00 target price for the company. Citigroup upgraded shares of Omega Healthcare Investors from a "neutral" rating to a "buy" rating and boosted their price target for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Truist Financial upped their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $33.63.
Get Our Latest Stock Report on Omega Healthcare Investors
Omega Healthcare Investors Stock Down 0.3 %
OHI traded down $0.08 during trading on Thursday, reaching $30.75. The company had a trading volume of 1,199,037 shares, compared to its average volume of 1,744,597. The company has a market cap of $7.59 billion, a P/E ratio of 27.77, a PEG ratio of 10.26 and a beta of 0.92. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $34.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.76. The business's fifty day moving average price is $30.95 and its 200 day moving average price is $30.94.
Omega Healthcare Investors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors's payout ratio is presently 241.44%.
About Omega Healthcare Investors
(
Free Report)
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.
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