Strategic Global Advisors LLC acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 24,839 shares of the real estate investment trust’s stock, valued at approximately $1,184,000.
Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC boosted its holdings in shares of Omega Healthcare Investors by 2.3% in the 4th quarter. Bogart Wealth LLC now owns 10,461 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 237 shares during the last quarter. GeoWealth Management LLC increased its holdings in Omega Healthcare Investors by 1.3% during the third quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 239 shares during the last quarter. Community Bank of Raymore increased its holdings in Omega Healthcare Investors by 1.0% during the first quarter. Community Bank of Raymore now owns 26,540 shares of the real estate investment trust’s stock worth $1,163,000 after buying an additional 260 shares during the last quarter. EntryPoint Capital LLC raised its position in Omega Healthcare Investors by 2.7% in the fourth quarter. EntryPoint Capital LLC now owns 9,912 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 260 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors Trading Up 0.1%
Omega Healthcare Investors stock opened at $47.02 on Thursday. Omega Healthcare Investors, Inc. has a 1-year low of $39.26 and a 1-year high of $52.39. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.90 and a beta of 0.57. The firm has a 50 day simple moving average of $48.28 and a 200 day simple moving average of $47.09.
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 paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Monday, August 3rd. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s dividend payout ratio is presently 97.14%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Raymond James Financial started coverage on shares of Omega Healthcare Investors in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 target price on the stock. Barclays initiated coverage on shares of Omega Healthcare Investors in a report on Tuesday, July 7th. They issued an “underweight” rating and a $51.00 price target on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $52.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, May 4th. Wells Fargo & Company increased their price objective on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, UBS Group set a $47.00 target price on Omega Healthcare Investors in a research report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.21.
Get Our Latest Stock Analysis 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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