Citigroup Inc. Purchases 34,800 Shares of Omega Healthcare Investors, Inc. $OHI

Citigroup Inc. grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.0% in the third quarter, HoldingsChannel reports. The fund owned 470,672 shares of the real estate investment trust’s stock after acquiring an additional 34,800 shares during the period. Citigroup Inc.’s holdings in Omega Healthcare Investors were worth $19,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new position in Omega Healthcare Investors during the third quarter worth $39,000. Smartleaf Asset Management LLC lifted its position in Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Omega Healthcare Investors by 1,654.4% during the 2nd quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 943 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Omega Healthcare Investors by 273.5% in the 3rd quarter. True Wealth Design LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 815 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its position in shares of Omega Healthcare Investors by 1,159.0% in the third quarter. SJS Investment Consulting Inc. now owns 1,259 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,159 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OHI has been the subject of several recent research reports. Citigroup reissued a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Cantor Fitzgerald raised their target price on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group began coverage on shares of Omega Healthcare Investors in a report on Friday, January 9th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Royal Bank Of Canada increased their price target on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average price target of $47.36.

Omega Healthcare Investors Trading Up 1.3%

OHI stock opened at $48.10 on Friday. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $48.11. The company has a market capitalization of $14.22 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.57. The company’s 50-day simple moving average is $44.94 and its 200 day simple moving average is $43.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 138.86%.

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.