Greenfield Savings Bank Acquires 2,798 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Greenfield Savings Bank grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 27.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,837 shares of the real estate investment trust’s stock after purchasing an additional 2,798 shares during the quarter. Greenfield Savings Bank’s holdings in Omega Healthcare Investors were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of OHI. State Street Corp boosted its holdings in Omega Healthcare Investors by 0.9% during the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after acquiring an additional 114,085 shares during the period. Geode Capital Management LLC increased its position in Omega Healthcare Investors by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock worth $261,589,000 after buying an additional 192,465 shares during the period. FMR LLC lifted its holdings in shares of Omega Healthcare Investors by 9.9% during the third quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock worth $171,625,000 after buying an additional 380,626 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Omega Healthcare Investors by 317.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock valued at $160,739,000 after acquiring an additional 3,003,845 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Omega Healthcare Investors by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust’s stock worth $155,893,000 after acquiring an additional 240,006 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Berenberg Bank started coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They set a “buy” rating and a $45.00 target price for the company. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 9th. Royal Bank of Canada upped their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.18.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $37.17 on Tuesday. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.22 and a beta of 0.99. The firm’s 50 day moving average is $39.11 and its 200-day moving average is $38.75. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $44.42.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.21%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 197.06%.

Omega Healthcare Investors Company Profile

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.