Epoch Investment Partners Inc. Buys Shares of 6,490 Omega Healthcare Investors, Inc. (NYSE:OHI)

Epoch Investment Partners Inc. bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,490 shares of the real estate investment trust’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Omega Healthcare Investors by 0.5% in the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after purchasing an additional 165,105 shares during the period. Centersquare Investment Management LLC raised its position in Omega Healthcare Investors by 36.6% in the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after purchasing an additional 960,997 shares during the period. Dimensional Fund Advisors LP raised its position in Omega Healthcare Investors by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock valued at $107,358,000 after purchasing an additional 40,999 shares during the period. Charles Schwab Investment Management Inc. raised its position in Omega Healthcare Investors by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock valued at $90,403,000 after purchasing an additional 124,483 shares during the period. Finally, Norges Bank purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at $61,698,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a report on Thursday. Truist Financial boosted their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Scotiabank boosted their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Tuesday, July 9th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.67.

Omega Healthcare Investors Stock Up 1.6 %

Shares of OHI traded up $0.57 during mid-day trading on Friday, reaching $36.30. The company’s stock had a trading volume of 1,195,077 shares, compared to its average volume of 1,478,122. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $37.13. The stock has a market cap of $8.97 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The company’s 50 day moving average is $33.36 and its 200 day moving average is $31.56.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be issued a $0.67 dividend. The ex-dividend date is Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.38%. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Omega Healthcare Investors Profile

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 U.S., as well as in the U.K.