Greenland Capital Management LP Has $5.57 Million Stock Position in Omega Healthcare Investors, Inc. $OHI

Greenland Capital Management LP lifted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 269.0% during the third quarter, Holdings Channel.com reports. The firm owned 132,000 shares of the real estate investment trust’s stock after acquiring an additional 96,230 shares during the period. Greenland Capital Management LP’s holdings in Omega Healthcare Investors were worth $5,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Omega Healthcare Investors during the 2nd quarter worth approximately $121,800,000. Hudson Bay Capital Management LP acquired a new stake in Omega Healthcare Investors in the second quarter valued at approximately $71,312,000. JPMorgan Chase & Co. increased its holdings in shares of Omega Healthcare Investors by 77.9% during the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after acquiring an additional 1,496,059 shares in the last quarter. Lasalle Investment Management Securities LLC increased its holdings in shares of Omega Healthcare Investors by 165.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock valued at $84,767,000 after acquiring an additional 1,441,692 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Omega Healthcare Investors by 3.4% during the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock worth $1,779,673,000 after purchasing an additional 1,386,887 shares during the period. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $47.05 on Tuesday. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.78. The stock has a market cap of $13.91 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.50 and a beta of 0.57. The stock’s fifty day simple moving average is $44.74 and its two-hundred day simple moving average is $43.27. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $47.94.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 5.7%. Omega Healthcare Investors’s payout ratio is 138.86%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OHI shares. UBS Group reissued a “buy” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Citigroup reaffirmed a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Scotiabank lifted their price objective on shares of Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $48.00 to $45.00 in a research report on Thursday, January 29th. Finally, Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Moderate Buy” and a consensus target price of $47.36.

Omega Healthcare Investors Profile

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.