State of New Jersey Common Pension Fund D Increases Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

State of New Jersey Common Pension Fund D boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,971 shares of the real estate investment trust’s stock after acquiring an additional 10,559 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Omega Healthcare Investors worth $3,832,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in Omega Healthcare Investors in the third quarter valued at $33,000. NBC Securities Inc. acquired a new position in Omega Healthcare Investors in the third quarter valued at $34,000. GAMMA Investing LLC acquired a new position in Omega Healthcare Investors in the fourth quarter valued at $35,000. Highlander Capital Management LLC boosted its holdings in Omega Healthcare Investors by 150.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 750 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new position in Omega Healthcare Investors in the third quarter valued at $73,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 0.6 %

NYSE:OHI opened at $31.09 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. Omega Healthcare Investors, Inc. has a one year low of $26.11 and a one year high of $34.77. The business’s 50-day simple moving average is $31.01 and its 200 day simple moving average is $31.13. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 10.12 and a beta of 0.91.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 270.71%.

Analysts Set New Price Targets

OHI has been the topic of a number of research analyst reports. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft started coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 price objective on the stock. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Mizuho reduced their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.58.

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.