D. E. Shaw & Co. Inc. boosted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 97.3% during the 1st quarter, HoldingsChannel reports. The fund owned 1,785,698 shares of the real estate investment trust’s stock after acquiring an additional 880,573 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Omega Healthcare Investors were worth $65,410,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of OHI. Stonebridge Capital Advisors LLC acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at $30,000. Capital Analysts LLC acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at $32,000. Finally, Arkadios Wealth Advisors increased its stake in Omega Healthcare Investors by 63.6% in the 1st quarter. Arkadios Wealth Advisors now owns 983 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 382 shares during the last quarter. 69.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of OHI opened at $37.46 on Thursday. Omega Healthcare Investors, Inc. has a 52 week low of $28.08 and a 52 week high of $39.31. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 4.79 and a beta of 1.00. The firm has a 50-day moving average of $36.78. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.73 and a current ratio of 3.73.
The business also recently declared a quarterly dividend, which was paid on Monday, May 17th. Investors of record on Monday, May 3rd were paid a $0.67 dividend. The ex-dividend date of this dividend was Friday, April 30th. This represents a $2.68 dividend on an annualized basis and a yield of 7.15%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 82.97%.
Several equities research analysts have issued reports on the stock. TheStreet upgraded shares of Omega Healthcare Investors from a “c+” rating to a “b-” rating in a research note on Monday, April 5th. Wolfe Research started coverage on shares of Omega Healthcare Investors in a research note on Monday, June 14th. They set a “peer perform” rating and a $43.00 price objective on the stock. Mizuho restated a “neutral” rating and set a $39.00 price objective on shares of Omega Healthcare Investors in a research note on Wednesday, July 14th. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, July 14th. Finally, JMP Securities restated an “outperform” rating and set a $43.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, May 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $38.62.
In other Omega Healthcare Investors news, insider Steven J. Insoft sold 25,000 shares of the business’s stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $36.69, for a total value of $917,250.00. Following the completion of the sale, the insider now owns 184,588 shares of the company’s stock, valued at approximately $6,772,533.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders purchased 1,255 shares of company stock worth $45,884. 1.16% of the stock is owned by company insiders.
About Omega Healthcare Investors
Omega is a real estate investment trust 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 UK.
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