Denali Advisors LLC Has $1.24 Million Stake in Omega Healthcare Investors, Inc. $OHI

Denali Advisors LLC trimmed its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 36.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 29,240 shares of the real estate investment trust’s stock after selling 16,475 shares during the quarter. Denali Advisors LLC’s holdings in Omega Healthcare Investors were worth $1,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in OHI. Smartleaf Asset Management LLC raised its stake in shares of Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares during the last quarter. Guggenheim Capital LLC raised its position in Omega Healthcare Investors by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after purchasing an additional 280 shares during the last quarter. UMB Bank n.a. lifted its holdings in Omega Healthcare Investors by 11.0% during the 3rd quarter. UMB Bank n.a. now owns 2,965 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 293 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Omega Healthcare Investors by 0.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 60,924 shares of the real estate investment trust’s stock valued at $2,233,000 after buying an additional 301 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Omega Healthcare Investors by 3.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,183 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 335 shares during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

OHI stock opened at $47.41 on Tuesday. The stock has a 50-day moving average price of $44.49 and a two-hundred day moving average price of $43.02. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $47.94. The stock has a market cap of $14.01 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.53 and a beta of 0.57. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.78.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.7%. Omega Healthcare Investors’s payout ratio is currently 138.86%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OHI shares. Jefferies Financial Group restated a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Cantor Fitzgerald lifted their target price on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. UBS Group reiterated a “buy” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Finally, BMO Capital Markets lowered Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.36.

Omega Healthcare Investors Company 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.