71,352 Shares in Omega Healthcare Investors, Inc. (NYSE:OHI) Acquired by Allstate Corp

Allstate Corp bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,352 shares of the real estate investment trust's stock, valued at approximately $2,188,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Omega Healthcare Investors during the fourth quarter worth approximately $61,698,000. FMR LLC raised its stake in Omega Healthcare Investors by 96.5% during the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust's stock worth $98,908,000 after purchasing an additional 1,464,693 shares during the period. Wellington Management Group LLP raised its stake in shares of Omega Healthcare Investors by 2,444.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust's stock valued at $37,409,000 after acquiring an additional 1,083,816 shares during the period. Vanguard Group Inc. raised its stake in shares of Omega Healthcare Investors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust's stock valued at $1,156,219,000 after acquiring an additional 1,003,927 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Omega Healthcare Investors by 72.2% in the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust's stock valued at $39,131,000 after acquiring an additional 535,093 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial raised their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Tuesday, April 2nd. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Citigroup raised shares of Omega Healthcare Investors from a "neutral" rating to a "buy" rating and raised their target price for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a "buy" rating and a $36.00 target price on the stock. Finally, 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. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $33.63.

Omega Healthcare Investors Stock Up 0.6 %

OHI stock traded up $0.21 during mid-day trading on Wednesday, hitting $31.93. 2,036,558 shares of the company were exchanged, compared to its average volume of 1,740,371. The company has a market capitalization of $7.89 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 7.36 and a beta of 0.92. The company has a current ratio of 6.68, a quick ratio of 6.68 and a debt-to-equity ratio of 1.36. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $34.77. The firm has a fifty day simple moving average of $30.93 and a 200 day simple moving average of $30.78.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 8.39%. The ex-dividend date of this dividend was Monday, April 29th. Omega Healthcare Investors's dividend payout ratio is currently 241.44%.

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.

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