Elo Mutual Pension Insurance Co Increases Stake in Omega Healthcare Investors, Inc. $OHI

Elo Mutual Pension Insurance Co increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 110.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,412 shares of the real estate investment trust’s stock after acquiring an additional 24,902 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Omega Healthcare Investors were worth $2,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OHI. Bright Futures Wealth Management LLC. bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at about $458,000. Journey Strategic Wealth LLC purchased a new position in Omega Healthcare Investors during the third quarter valued at approximately $287,000. New Age Alpha Advisors LLC bought a new position in Omega Healthcare Investors in the third quarter worth approximately $2,552,000. Rafferty Asset Management LLC purchased a new stake in Omega Healthcare Investors during the third quarter worth $215,000. Finally, Erste Asset Management GmbH lifted its holdings in Omega Healthcare Investors by 2.4% during the third quarter. Erste Asset Management GmbH now owns 123,491 shares of the real estate investment trust’s stock worth $5,131,000 after buying an additional 2,881 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $47.37 on Thursday. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $49.14. The company has a market cap of $14.00 billion, a PE ratio of 24.54, a P/E/G ratio of 1.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. The business has a 50-day simple moving average of $45.25 and a two-hundred day simple moving average of $43.60.

Omega Healthcare Investors Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on OHI shares. UBS Group reissued a “buy” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Royal Bank Of Canada boosted their target price on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 10th. Truist Financial increased their price target on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, December 1st. Cantor Fitzgerald lifted their price objective on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $45.00 in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.64.

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.