Whittier Trust Co. reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 16.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,930 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Whittier Trust Co.’s holdings in Omega Healthcare Investors were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of OHI. Armstrong Advisory Group Inc. purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $25,000. Atticus Wealth Management LLC purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $25,000. National Bank of Canada FI raised its stake in Omega Healthcare Investors by 1,146.7% in the fourth quarter. National Bank of Canada FI now owns 935 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 860 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $34,000. 66.04% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on the stock. Credit Suisse Group reissued an “underperform” rating and set a $25.00 price target on shares of Omega Healthcare Investors in a research note on Friday, March 31st. Mizuho decreased their price target on shares of Omega Healthcare Investors from $32.00 to $31.00 in a research note on Tuesday, May 30th. StockNews.com raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $29.00 to $33.00 in a research note on Wednesday, June 21st. Finally, 92 Resources reissued a “maintains” rating on shares of Omega Healthcare Investors in a research note on Wednesday, June 21st. One equity research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $30.56.
Omega Healthcare Investors Stock Up 0.6 %
Shares of Omega Healthcare Investors stock opened at $30.96 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 4.76 and a current ratio of 4.76. Omega Healthcare Investors, Inc. has a 52-week low of $25.61 and a 52-week high of $33.71. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 26.92 and a beta of 0.99. The company’s 50-day moving average price is $29.79 and its 200-day moving average price is $28.44.
Omega Healthcare Investors Increases Dividends
The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $2.68 annualized dividend and a yield of 8.66%. This is a boost from Omega Healthcare Investors’ previous quarterly dividend of $0.18. Omega Healthcare Investors payout ratio is 233.05%.
Omega Healthcare Investors Profile
(Free Report)
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 US, as well as in the U.
See Also
Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).
Receive News & Ratings for Omega Healthcare Investors Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Omega Healthcare Investors and related companies with MarketBeat.com’s FREE daily email newsletter.