OppenheimerFunds Inc. lifted its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 36.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,660 shares of the real estate investment trust’s stock after buying an additional 15,271 shares during the quarter. OppenheimerFunds Inc.’s holdings in Omega Healthcare Investors were worth $1,560,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barnett & Company Inc. grew its position in shares of Omega Healthcare Investors by 1,980.0% during the 3rd quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 4,950 shares in the last quarter. Mcmillion Capital Management Inc. bought a new position in shares of Omega Healthcare Investors during the 3rd quarter worth $201,000. Timber Hill LLC bought a new position in shares of Omega Healthcare Investors during the 3rd quarter worth $206,000. Lourd Capital LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth $202,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of Omega Healthcare Investors during the 3rd quarter worth $216,000. 73.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Omega Healthcare Investors Inc (NYSE:OHI) opened at $27.30 on Wednesday. Omega Healthcare Investors Inc has a 12-month low of $24.90 and a 12-month high of $35.14. The firm has a market capitalization of $5,461.21, a PE ratio of 8.31, a P/E/G ratio of 3.12 and a beta of 0.46. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.55 and a current ratio of 3.55.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.64 dividend on an annualized basis and a yield of 9.67%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 528.01%.
A number of equities analysts have recently issued reports on OHI shares. Zacks Investment Research downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Cantor Fitzgerald assumed coverage on Omega Healthcare Investors in a research report on Wednesday, December 20th. They set an “overweight” rating and a $34.00 price objective on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price objective (down previously from $29.00) on shares of Omega Healthcare Investors in a research report on Wednesday, February 14th. Finally, Jefferies Group reaffirmed an “underperform” rating on shares of Omega Healthcare Investors in a research report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.37.
In related news, Director Bernard J. Korman acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average price of $26.89 per share, with a total value of $2,689,000.00. Following the completion of the transaction, the director now directly owns 896,895 shares in the company, valued at $24,117,506.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.54% of the stock is owned by company insiders.
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About Omega Healthcare Investors
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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