QRG Capital Management Inc. Buys 3,533 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

QRG Capital Management Inc. increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.8% in the third quarter, Holdings Channel reports. The firm owned 64,339 shares of the real estate investment trust’s stock after buying an additional 3,533 shares during the quarter. QRG Capital Management Inc.’s holdings in Omega Healthcare Investors were worth $2,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Omega Healthcare Investors by 353.4% during the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 516 shares during the period. Versant Capital Management Inc bought a new position in Omega Healthcare Investors during the 2nd quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Omega Healthcare Investors during the third quarter valued at approximately $33,000. V Square Quantitative Management LLC raised its holdings in Omega Healthcare Investors by 49.5% in the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 323 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new stake in Omega Healthcare Investors in the third quarter worth $53,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $39.56 on Thursday. The stock’s 50-day simple moving average is $40.52 and its 200 day simple moving average is $36.21. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $44.42. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The company has a market cap of $10.68 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.29 and a beta of 0.99.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend is Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 197.06%.

Insider Activity

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the transaction, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $4,025,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Robert O. Stephenson sold 22,542 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the sale, the chief financial officer now owns 183,076 shares of the company’s stock, valued at approximately $7,357,824.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Daniel J. Booth sold 56,725 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $4,025,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OHI has been the subject of a number of research analyst reports. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a report on Thursday, October 31st. Scotiabank boosted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company restated an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Truist Financial upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets raised their price objective on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors presently has an average rating of “Hold” and an average price target of $39.70.

Omega Healthcare Investors Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.