Wolverine Asset Management LLC Makes New Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wolverine Asset Management LLC acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the fourth quarter, Holdings Channel reports. The fund acquired 59,334 shares of the real estate investment trust’s stock, valued at approximately $1,819,000.

A number of other hedge funds have also recently bought and sold shares of the company. Cutter & CO Brokerage Inc. boosted its holdings in Omega Healthcare Investors by 6.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 7,852 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 499 shares during the last quarter. GAMMA Investing LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $35,000. Linden Thomas Advisory Services LLC boosted its holdings in Omega Healthcare Investors by 1.7% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,469 shares of the real estate investment trust’s stock worth $842,000 after acquiring an additional 459 shares during the last quarter. Pacific Wealth Strategies Group Inc. boosted its holdings in shares of Omega Healthcare Investors by 2.4% in the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 48,668 shares of the real estate investment trust’s stock worth $1,492,000 after buying an additional 1,148 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Omega Healthcare Investors by 72.2% in the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock worth $39,131,000 after buying an additional 535,093 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OHI has been the topic of a number of research analyst reports. Wells Fargo & Company raised shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price target on the stock in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $31.00 in a research note on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $33.58.

Omega Healthcare Investors Stock Down 0.1 %

OHI stock opened at $30.67 on Thursday. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average is $31.00 and its 200 day moving average is $31.15. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 10.05 and a beta of 0.91. Omega Healthcare Investors, Inc. has a 1-year low of $26.00 and a 1-year high of $34.77.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.67 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.74%. Omega Healthcare Investors’s payout ratio is 270.71%.

About Omega Healthcare Investors

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.