EP Wealth Advisors LLC acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,951 shares of the real estate investment trust’s stock, valued at approximately $761,000.
Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in Omega Healthcare Investors in the second quarter valued at about $1,838,155,000. Bank of New York Mellon Corp bought a new position in Omega Healthcare Investors during the second quarter worth about $275,230,000. Norges Bank acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $156,166,000. Invesco Ltd. boosted its holdings in 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 purchasing an additional 2,493,877 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $93,476,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Down 0.1%
NYSE:OHI opened at $46.58 on Tuesday. The firm has a market cap of $14.12 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.89 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 12 month low of $39.26 and a 12 month high of $52.39. The company’s 50-day moving average price is $48.21 and its two-hundred day moving average price is $47.05.
Omega Healthcare Investors Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $0.68 per share. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, August 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 5.8%. Omega Healthcare Investors’s dividend payout ratio is currently 97.14%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on OHI shares. UBS Group set a $47.00 target price on Omega Healthcare Investors in a report on Thursday, June 18th. Barclays initiated coverage on Omega Healthcare Investors in a research note on Tuesday, July 7th. They issued an “underweight” rating and a $51.00 price target on the stock. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. Scotiabank dropped their price objective on Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Finally, Raymond James Financial started coverage on Omega Healthcare Investors in a research note on Tuesday, June 16th. They set an “outperform” rating and a $50.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Hold” and a consensus target price of $49.21.
Check Out Our Latest Report on Omega Healthcare Investors
Omega Healthcare Investors 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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