Thrivent Financial for Lutherans increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 65.3% during the 4th quarter, HoldingsChannel reports. The fund owned 118,370 shares of the real estate investment trust’s stock after acquiring an additional 46,740 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Omega Healthcare Investors were worth $5,249,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Mutual Advisors LLC lifted its stake in shares of Omega Healthcare Investors by 8.5% in the third quarter. Mutual Advisors LLC now owns 327,383 shares of the real estate investment trust’s stock worth $13,321,000 after acquiring an additional 25,565 shares in the last quarter. CPC Advisors LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $3,050,000. Bank of New York Mellon Corp raised its stake in Omega Healthcare Investors by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock valued at $158,799,000 after buying an additional 239,134 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in Omega Healthcare Investors during the third quarter valued at approximately $458,000. Finally, JPMorgan Chase & Co. raised its stake in 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 buying an additional 1,496,059 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Stock Down 1.5%
Shares of Omega Healthcare Investors stock opened at $48.26 on Friday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. The business’s 50 day simple moving average is $46.36 and its 200-day simple moving average is $45.51. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.19 and a beta of 0.59. Omega Healthcare Investors, Inc. has a twelve month low of $35.70 and a twelve month high of $49.33.
Omega Healthcare Investors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, May 4th. Omega Healthcare Investors’s dividend payout ratio is presently 129.47%.
Wall Street Analysts Forecast Growth
OHI has been the topic of several research reports. Scotiabank upped their price objective on Omega Healthcare Investors from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets restated a “market perform” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, May 4th. Truist Financial upped their price objective on Omega Healthcare Investors from $46.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, March 5th. Wells Fargo & Company upped their price objective on Omega Healthcare Investors from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, March 26th. Finally, Cantor Fitzgerald upped their price objective on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus target price of $49.00.
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.
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