LSV Asset Management reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,215,800 shares of the real estate investment trust’s stock after selling 64,200 shares during the quarter. LSV Asset Management’s holdings in Omega Healthcare Investors were worth $53,909,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of OHI. Invesco Ltd. grew its stake in shares of Omega Healthcare Investors by 101.7% during the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after buying an additional 2,493,877 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Omega Healthcare Investors by 77.9% during the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after buying an additional 1,496,059 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Omega Healthcare Investors by 84.6% during the third quarter. Daiwa Securities Group Inc. now owns 3,058,031 shares of the real estate investment trust’s stock valued at $129,110,000 after buying an additional 1,401,066 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Omega Healthcare Investors by 3.4% during the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after buying an additional 1,386,887 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Omega Healthcare Investors by 4.8% during the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after buying an additional 671,473 shares during the last quarter. 65.25% of the stock is owned by institutional investors.
Omega Healthcare Investors Stock Performance
Omega Healthcare Investors stock opened at $47.94 on Friday. 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 50-day moving average of $46.36 and a 200-day moving average of $45.53. The firm has a market cap of $14.28 billion, a P/E ratio of 23.16, a P/E/G ratio of 2.14 and a beta of 0.59. Omega Healthcare Investors, Inc. has a 1-year low of $35.70 and a 1-year high of $49.33.
Omega Healthcare Investors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.67 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.68 annualized dividend and a yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 129.47%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on OHI shares. Weiss Ratings raised Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, April 21st. Bank of America reiterated an “underperform” rating and set a $46.00 target price (down from $52.00) on shares of Omega Healthcare Investors in a report on Tuesday, April 14th. Scotiabank increased their target price on shares of Omega Healthcare Investors from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets reiterated a “market perform” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a report on Monday, May 4th. Finally, Wells Fargo & Company increased their target price on shares of Omega Healthcare Investors from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.00.
Read Our Latest Stock Report 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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