Janney Montgomery Scott LLC Acquires 526 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Janney Montgomery Scott LLC raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,493 shares of the real estate investment trust’s stock after purchasing an additional 526 shares during the period. Janney Montgomery Scott LLC’s holdings in Omega Healthcare Investors were worth $1,282,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Omega Healthcare Investors in the second quarter worth $26,000. UMB Bank n.a. grew its stake in shares of Omega Healthcare Investors by 353.4% during the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 516 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in Omega Healthcare Investors in the third quarter worth $33,000. V Square Quantitative Management LLC lifted its holdings in Omega Healthcare Investors by 49.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 323 shares in the last quarter. Finally, Covestor Ltd grew its stake in Omega Healthcare Investors by 47.6% in the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 431 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Insider Transactions at Omega Healthcare Investors

In related news, CFO Robert O. Stephenson sold 22,542 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 183,076 shares in the company, valued at $7,357,824.44. The trade was a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.25, for a total value 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 36.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

OHI has been the subject of a number of research analyst reports. Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. BMO Capital Markets increased their price objective on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, October 7th. Royal Bank of Canada boosted their price objective on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday. Berenberg Bank began coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Scotiabank boosted their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.00.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $39.74 on Friday. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $44.42. The company has a market cap of $10.73 billion, a PE ratio of 29.43, a P/E/G ratio of 1.28 and a beta of 0.99. 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 business has a 50-day simple moving average of $40.66 and a two-hundred day simple moving average of $36.57.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.74%. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

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.