QRG Capital Management Inc. decreased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 58.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,636 shares of the real estate investment trust’s stock after selling 24,824 shares during the quarter. QRG Capital Management Inc.’s holdings in Omega Healthcare Investors were worth $773,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Resources Management Corp CT ADV increased its holdings in Omega Healthcare Investors by 300.0% during the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 450 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at $37,000. Rothschild Investment LLC grew its position in shares of Omega Healthcare Investors by 283.7% during the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 698 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Omega Healthcare Investors by 345.2% in the 4th quarter. Larson Financial Group LLC now owns 984 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 763 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.
Omega Healthcare Investors Price Performance
NYSE:OHI opened at $48.86 on Friday. The business’s 50-day simple moving average is $46.90 and its two-hundred day simple moving average is $46.03. Omega Healthcare Investors, Inc. has a 52 week low of $35.70 and a 52 week high of $50.10. The stock has a market cap of $14.55 billion, a PE ratio of 23.60, a P/E/G ratio of 2.10 and a beta of 0.58. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.81.
Omega Healthcare Investors Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, May 4th. Omega Healthcare Investors’s dividend payout ratio is presently 129.47%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on OHI. Wells Fargo & Company boosted their price target on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Weiss Ratings raised Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, June 30th. Scotiabank lowered their price objective on Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Bank of America reiterated an “underperform” rating and set a $46.00 price objective (down from $52.00) on shares of Omega Healthcare Investors in a research note on Tuesday, April 14th. Finally, Barclays initiated coverage on shares of Omega Healthcare Investors in a report on Tuesday. They issued an “underweight” rating and a $51.00 target price for the company. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.50.
View Our Latest Report on Omega Healthcare Investors
About Omega Healthcare Investors
Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.
Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.
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