D.A. Davidson & CO. grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 131.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,750 shares of the real estate investment trust’s stock after purchasing an additional 22,030 shares during the quarter. D.A. Davidson & CO.’s holdings in Omega Healthcare Investors were worth $1,698,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Midwest Professional Planners LTD. boosted its position in shares of Omega Healthcare Investors by 3.0% in the 1st quarter. Midwest Professional Planners LTD. now owns 45,228 shares of the real estate investment trust’s stock worth $1,982,000 after purchasing an additional 1,297 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Omega Healthcare Investors by 24.0% in the first quarter. Sanctuary Advisors LLC now owns 44,386 shares of the real estate investment trust’s stock valued at $1,945,000 after purchasing an additional 8,589 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in Omega Healthcare Investors by 2.0% in the first quarter. Sterling Investment Advisors Ltd. now owns 71,221 shares of the real estate investment trust’s stock valued at $3,121,000 after buying an additional 1,366 shares during the period. Checchi Capital Advisers LLC lifted its stake in Omega Healthcare Investors by 5.3% in the first quarter. Checchi Capital Advisers LLC now owns 8,616 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 432 shares during the period. Finally, CFO Capital Management LLC lifted its stake in Omega Healthcare Investors by 4.0% in the first quarter. CFO Capital Management LLC now owns 8,790 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 335 shares during the period. 65.25% of the stock is currently owned by institutional investors.
Omega Healthcare Investors Stock Performance
OHI stock opened at $50.52 on Wednesday. The business’s 50-day moving average price is $47.28 and its two-hundred day moving average price is $46.31. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. The firm has a market cap of $15.04 billion, a PE ratio of 24.40, a P/E/G ratio of 2.12 and a beta of 0.58. Omega Healthcare Investors, Inc. has a 1-year low of $38.02 and a 1-year high of $50.75.
Omega Healthcare Investors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.67 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.68 annualized dividend and a dividend yield of 5.3%. Omega Healthcare Investors’s payout ratio is currently 129.47%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Scotiabank decreased their target price on Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Raymond James Financial initiated coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price target on the stock. Barclays initiated coverage on shares of Omega Healthcare Investors in a research note on Tuesday, July 7th. They set an “underweight” rating and a $51.00 price objective on the stock. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Finally, UBS Group set a $47.00 target price on shares of Omega Healthcare Investors in a research note on Thursday, June 18th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Hold” and a consensus price target of $48.50.
Get Our Latest Research Report 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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