Hsbc Holdings PLC increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 26.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 552,169 shares of the real estate investment trust’s stock after acquiring an additional 115,976 shares during the quarter. Hsbc Holdings PLC’s holdings in Omega Healthcare Investors were worth $24,490,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its position in Omega Healthcare Investors by 0.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 400,284 shares of the real estate investment trust’s stock worth $17,749,000 after buying an additional 2,731 shares during the period. Fund Advisors of America Inc FL acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at approximately $1,224,000. World Investment Advisors boosted its stake in shares of Omega Healthcare Investors by 3.6% during the 4th quarter. World Investment Advisors now owns 22,628 shares of the real estate investment trust’s stock worth $1,003,000 after acquiring an additional 780 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Omega Healthcare Investors by 43.0% during the 4th quarter. Corient Private Wealth LLC now owns 85,875 shares of the real estate investment trust’s stock worth $3,809,000 after acquiring an additional 25,836 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Trading Down 0.8%
Shares of OHI opened at $49.00 on Tuesday. 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 50 day simple moving average of $46.75 and a 200-day simple moving average of $45.93. Omega Healthcare Investors, Inc. has a 1-year low of $35.70 and a 1-year high of $49.59. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58.
Omega Healthcare Investors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, May 4th. Omega Healthcare Investors’s payout ratio is 129.47%.
Wall Street Analyst Weigh In
OHI has been the subject of several research analyst reports. Truist Financial dropped their price objective on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Raymond James Financial assumed coverage on Omega Healthcare Investors in a research report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 target price on the stock. Wells Fargo & Company upped their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Royal Bank Of Canada lifted their price target on Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Finally, UBS Group set a $47.00 price objective on shares of Omega Healthcare Investors in a research report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.50.
Get Our Latest Stock Analysis on OHI
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.
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