SG Americas Securities LLC raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 249.7% during the first quarter, HoldingsChannel reports. The firm owned 583,976 shares of the real estate investment trust’s stock after buying an additional 416,979 shares during the quarter. SG Americas Securities LLC’s holdings in Omega Healthcare Investors were worth $25,590,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of OHI. Norges Bank purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth $156,166,000. Invesco Ltd. increased its holdings in Omega Healthcare Investors by 101.7% in the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after buying an additional 2,493,877 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Omega Healthcare Investors in the fourth quarter valued at $93,476,000. Cbre Investment Management Listed Real Assets LLC raised its stake in Omega Healthcare Investors by 327.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,222,799 shares of the real estate investment trust’s stock valued at $98,559,000 after buying an additional 1,702,846 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Omega Healthcare Investors by 84.6% in the third quarter. Daiwa Securities Group Inc. now owns 3,058,031 shares of the real estate investment trust’s stock valued at $129,110,000 after buying an additional 1,401,066 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Performance
Shares of OHI stock opened at $47.41 on Thursday. The stock’s 50-day moving average is $46.39 and its two-hundred day moving average is $45.72. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.32 and a current ratio of 5.32. Omega Healthcare Investors, Inc. has a 1 year low of $35.70 and a 1 year high of $49.33. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.98 and a beta of 0.58.
Omega Healthcare Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.67 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.68 dividend on an annualized basis and a yield of 5.7%. Omega Healthcare Investors’s payout ratio is currently 129.47%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Raymond James Financial started coverage on Omega Healthcare Investors in a research report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 price objective for the company. Citigroup restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, June 15th. UBS Group set a $47.00 price target on Omega Healthcare Investors in a report on Thursday, June 18th. Royal Bank Of Canada increased their price target on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company raised their price objective on shares of Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.31.
Check Out Our Latest Stock Analysis on OHI
Omega Healthcare Investors Profile
Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.
Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.
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