Cypress Capital Group Invests $225,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cypress Capital Group purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 5,539 shares of the real estate investment trust’s stock, valued at approximately $225,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Omega Healthcare Investors by 12.0% during the 3rd quarter. Allworth Financial LP now owns 2,276 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 244 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Omega Healthcare Investors by 29.4% in the third quarter. Venturi Wealth Management LLC now owns 1,259 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 286 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in Omega Healthcare Investors by 3.7% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,206 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 290 shares during the last quarter. NCP Inc. boosted its stake in Omega Healthcare Investors by 10.3% in the second quarter. NCP Inc. now owns 3,310 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 310 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Omega Healthcare Investors by 49.5% during the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OHI. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Truist Financial raised their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Scotiabank upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. BMO Capital Markets raised their price objective on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, October 7th. Finally, Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their target price for the company from $34.00 to $35.00 in a report on Thursday, July 25th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Omega Healthcare Investors presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Insider Activity at Omega Healthcare Investors

In related news, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the transaction, the chief financial officer now owns 183,076 shares in the company, valued at approximately $7,357,824.44. This trade represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Daniel J. Booth sold 56,725 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the sale, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $4,025,000. This trade represents a 36.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Omega Healthcare Investors Trading Up 0.7 %

Shares of OHI stock opened at $40.17 on Friday. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10. The business has a fifty day simple moving average of $40.64 and a 200-day simple moving average of $36.88. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $44.42. The stock has a market cap of $10.84 billion, a P/E ratio of 29.53, a P/E/G ratio of 1.25 and a beta of 0.99.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s payout ratio is currently 197.06%.

Omega Healthcare Investors Company Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.