Allspring Global Investments Holdings LLC lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 12.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,017,192 shares of the real estate investment trust’s stock after buying an additional 113,667 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Omega Healthcare Investors were worth $45,092,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $156,166,000. Invesco Ltd. raised its position in shares of Omega Healthcare Investors by 101.7% during the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at $93,476,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Omega Healthcare Investors by 327.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,222,799 shares of the real estate investment trust’s stock valued at $98,559,000 after purchasing an additional 1,702,846 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Omega Healthcare Investors by 84.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,058,031 shares of the real estate investment trust’s stock valued at $129,110,000 after purchasing an additional 1,401,066 shares during the period. 65.25% of the stock is owned by institutional investors.
Omega Healthcare Investors Stock Performance
Shares of OHI stock opened at $50.16 on Friday. Omega Healthcare Investors, Inc. has a fifty-two week low of $37.70 and a fifty-two week high of $50.75. The stock’s 50-day moving average is $47.17 and its two-hundred day moving average is $46.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.32 and a quick ratio of 5.32. The firm has a market cap of $14.94 billion, a P/E ratio of 24.23, a PEG ratio of 2.14 and a beta of 0.58.
Omega Healthcare Investors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 5.3%. The ex-dividend date was Monday, May 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 129.47%.
Wall Street Analyst Weigh In
Several research analysts have commented on OHI shares. BMO Capital Markets reiterated a “market perform” rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a report on Monday, May 4th. Truist Financial reduced their price target on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Citigroup reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, June 15th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Finally, Barclays initiated coverage on Omega Healthcare Investors in a report on Tuesday, July 7th. They set an “underweight” rating and a $51.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.50.
Get Our Latest Stock Analysis on Omega Healthcare Investors
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.
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