Lifetime Wealth Management P.C. acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,718 shares of the real estate investment trust’s stock, valued at approximately $606,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Omega Healthcare Investors in the second quarter valued at $1,838,155,000. State Street Corp raised its position in shares of Omega Healthcare Investors by 4.8% in the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock worth $534,792,000 after acquiring an additional 671,473 shares during the period. Geode Capital Management LLC boosted its stake in shares of Omega Healthcare Investors by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust’s stock worth $377,648,000 after acquiring an additional 734,774 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter worth about $275,230,000. Finally, Invesco Ltd. grew its position in shares of Omega Healthcare Investors by 8.6% during the 4th quarter. Invesco Ltd. now owns 5,368,945 shares of the real estate investment trust’s stock valued at $238,059,000 after acquiring an additional 424,024 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors Stock Performance
NYSE OHI opened at $46.29 on Friday. The business has a fifty day moving average price of $48.32 and a 200 day moving average price of $47.09. Omega Healthcare Investors, Inc. has a one year low of $39.26 and a one year high of $52.39. The company has a market cap of $14.03 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.90 and a beta of 0.57.
Omega Healthcare Investors Increases Dividend
The business also recently disclosed 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 represents a $2.72 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio is 97.14%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on OHI shares. Truist Financial cut their price target on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Citigroup increased their price target on Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Scotiabank dropped their price objective on Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Royal Bank Of Canada boosted their price objective on Omega Healthcare Investors from $47.00 to $48.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings raised Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, June 30th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Hold” and a consensus price target of $49.21.
Get Our Latest Stock Analysis on Omega Healthcare Investors
About Omega Healthcare Investors
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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