Cascade Investment Group Inc. Has $1.64 Million Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cascade Investment Group Inc. reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 43,252 shares of the real estate investment trust’s stock after selling 925 shares during the period. Omega Healthcare Investors accounts for approximately 1.2% of Cascade Investment Group Inc.’s holdings, making the stock its 19th largest position. Cascade Investment Group Inc.’s holdings in Omega Healthcare Investors were worth $1,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OHI. State Street Corp increased its stake in shares of Omega Healthcare Investors by 0.9% in the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after purchasing an additional 114,085 shares during the last quarter. Geode Capital Management LLC boosted its stake in Omega Healthcare Investors by 3.1% in the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after buying an additional 192,465 shares in the last quarter. FMR LLC grew its position in Omega Healthcare Investors by 9.9% in the third quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock valued at $171,625,000 after acquiring an additional 380,626 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Omega Healthcare Investors by 317.7% during the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock worth $160,739,000 after acquiring an additional 3,003,845 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Omega Healthcare Investors by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust’s stock worth $155,893,000 after acquiring an additional 240,006 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, December 9th. Mizuho boosted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Royal Bank of Canada increased their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Wells Fargo & Company restated an “overweight” rating and set a $43.00 price objective (up previously from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Finally, Berenberg Bank assumed coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.10.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $37.39 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $44.42. The business’s 50 day simple moving average is $38.86 and its 200 day simple moving average is $38.85. The stock has a market capitalization of $10.09 billion, a PE ratio of 27.49, a PEG ratio of 1.08 and a beta of 0.99.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.17%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 197.06%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.