The Manufacturers Life Insurance Company lowered its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 191,620 shares of the real estate investment trust’s stock after selling 6,852 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Omega Healthcare Investors worth $5,651,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. grew its holdings in shares of Omega Healthcare Investors by 64.2% in the second quarter. Financial Gravity Asset Management Inc. now owns 1,120 shares of the real estate investment trust’s stock valued at $4,676,000 after purchasing an additional 438 shares during the period. Assetmark Inc. purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at about $33,000. Tyler Stone Wealth Management grew its holdings in shares of Omega Healthcare Investors by 170.0% in the second quarter. Tyler Stone Wealth Management now owns 1,350 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 850 shares during the period. Capital Analysts LLC grew its holdings in shares of Omega Healthcare Investors by 23.1% in the second quarter. Capital Analysts LLC now owns 1,612 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 302 shares during the period. Finally, Private Trust Co. NA purchased a new position in Omega Healthcare Investors during the second quarter worth about $48,000. Hedge funds and other institutional investors own 63.58% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Omega Healthcare Investors in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Raymond James increased their target price on shares of Omega Healthcare Investors from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 9th. Robert W. Baird lowered their target price on shares of Omega Healthcare Investors from $32.00 to $29.00 in a research note on Friday, January 13th. Bank of America lowered shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $33.00 in a research note on Monday, November 14th. Finally, Credit Suisse Group lowered shares of Omega Healthcare Investors from a “neutral” rating to an “underperform” rating and set a $25.00 target price for the company. in a research note on Monday, January 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and an average price target of $30.89.
Omega Healthcare Investors Stock Up 1.4 %
Shares of OHI opened at $29.06 on Monday. The stock has a market capitalization of $6.81 billion, a PE ratio of 16.70 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 1 year low of $24.81 and a 1 year high of $33.71. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.77 and a current ratio of 2.77. The company’s 50-day simple moving average is $28.88 and its 200-day simple moving average is $30.49.
Omega Healthcare Investors Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Monday, February 6th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $2.68 annualized dividend and a yield of 9.22%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 154.02%.
Omega Healthcare Investors Company Profile
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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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