Bright Futures Wealth Management LLC. Acquires Shares of 10,851 Omega Healthcare Investors, Inc. $OHI

Bright Futures Wealth Management LLC. bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,851 shares of the real estate investment trust’s stock, valued at approximately $458,000.

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

Omega Healthcare Investors Stock Up 0.5%

Shares of NYSE:OHI opened at $48.32 on Monday. The firm has a market cap of $14.28 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.56 and a beta of 0.54. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $49.14. The business has a fifty day simple moving average of $45.02 and a 200 day simple moving average of $43.48. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a dividend of $0.67 per share. The ex-dividend date was Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 5.5%. Omega Healthcare Investors’s dividend payout ratio is presently 138.86%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OHI. Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $45.00 in a research report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a report on Monday, December 15th. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, December 1st. Royal Bank Of Canada raised their target price on Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 10th. Finally, Cantor Fitzgerald lifted their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.36.

About Omega Healthcare Investors

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.