Values First Advisors Inc. increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,378 shares of the real estate investment trust’s stock after purchasing an additional 723 shares during the period. Values First Advisors Inc.’s holdings in Omega Healthcare Investors were worth $733,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. CWM LLC raised its position in Omega Healthcare Investors by 234.3% during the third quarter. CWM LLC now owns 13,618 shares of the real estate investment trust’s stock valued at $554,000 after purchasing an additional 9,545 shares during the period. UMB Bank n.a. increased its position in shares of Omega Healthcare Investors by 353.4% during the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 516 shares during the last quarter. Creative Planning raised its holdings in Omega Healthcare Investors by 5.2% during the 3rd quarter. Creative Planning now owns 42,635 shares of the real estate investment trust’s stock valued at $1,735,000 after buying an additional 2,104 shares during the period. Kapitalo Investimentos Ltda bought a new stake in Omega Healthcare Investors in the third quarter worth $304,000. Finally, Cornerstone Wealth Management LLC boosted its stake in Omega Healthcare Investors by 1.2% during the third quarter. Cornerstone Wealth Management LLC now owns 57,202 shares of the real estate investment trust’s stock worth $2,328,000 after buying an additional 675 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.
Omega Healthcare Investors Stock Performance
Omega Healthcare Investors stock opened at $35.74 on Thursday. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The company has a market capitalization of $9.65 billion, a PE ratio of 23.06, a P/E/G ratio of 1.11 and a beta of 0.99. The company has a 50 day moving average price of $37.88 and a 200-day moving average price of $39.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07.
Omega Healthcare Investors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Monday, February 10th. Omega Healthcare Investors’s payout ratio is 172.90%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Mizuho increased their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Berenberg Bank started coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective for the company. BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, October 31st. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Monday, December 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.67.
About Omega Healthcare Investors
Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.
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