Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 30.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,500 shares of the real estate investment trust’s stock after purchasing an additional 7,500 shares during the quarter. Spirit of America Management Corp NY’s holdings in Omega Healthcare Investors were worth $1,230,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased 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 worth $27,000 after buying an additional 516 shares during the period. Grove Bank & Trust purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth approximately $30,000. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors during the third quarter worth approximately $31,000. Dunhill Financial LLC purchased a new stake in shares of Omega Healthcare Investors during the third quarter worth approximately $31,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in shares of Omega Healthcare Investors during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

OHI stock opened at $37.62 on Wednesday. The company has a market capitalization of $10.16 billion, a P/E ratio of 27.66, a PEG ratio of 1.08 and a beta of 0.99. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $44.42. The business has a 50 day simple moving average of $38.22 and a 200-day simple moving average of $39.06. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.12%. The ex-dividend date is Monday, February 10th. Omega Healthcare Investors’s payout ratio is currently 197.06%.

Wall Street Analyst Weigh In

OHI has been the topic of several recent analyst reports. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, October 31st. Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price target on the stock. BMO Capital Markets upgraded 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 research note on Monday, December 9th. Mizuho increased their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada increased their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.67.

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.