Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 29.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,259 shares of the real estate investment trust’s stock after purchasing an additional 286 shares during the period. Venturi Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $51,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OHI. Assetmark Inc. raised its holdings in Omega Healthcare Investors by 1.7% in the third quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust’s stock valued at $48,492,000 after acquiring an additional 19,542 shares in the last quarter. Vanguard Group Inc. raised its stake in Omega Healthcare Investors by 0.5% during the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after buying an additional 165,105 shares in the last quarter. Caxton Associates LP bought a new position in Omega Healthcare Investors during the 2nd quarter worth approximately $1,652,000. Van ECK Associates Corp grew its position in shares of Omega Healthcare Investors by 15.4% in the 3rd quarter. Van ECK Associates Corp now owns 100,145 shares of the real estate investment trust’s stock worth $4,167,000 after acquiring an additional 13,367 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Omega Healthcare Investors in the 1st quarter worth approximately $646,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OHI has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Truist Financial lifted 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. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. BMO Capital Markets upped their target price on Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, October 7th. Finally, Berenberg Bank began coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and a consensus target price of $40.00.

Insider Activity

In other news, CFO Robert O. Stephenson sold 22,542 shares of the firm’s stock in a transaction dated 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 owns 183,076 shares in the company, valued at approximately $7,357,824.44. This trade represents a 10.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief operating officer now owns 100,000 shares in the company, valued at $4,025,000. The trade was a 36.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $40.01 on Friday. The stock has a market cap of $10.80 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.25 and a beta of 0.99. The firm’s 50-day simple moving average is $40.65 and its 200 day simple moving average is $36.59. 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 quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

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.