Janney Montgomery Scott LLC Buys 9,342 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Janney Montgomery Scott LLC increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHIGet Rating) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,961 shares of the real estate investment trust’s stock after purchasing an additional 9,342 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Omega Healthcare Investors were worth $1,886,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OHI. State Street Corp increased its stake in Omega Healthcare Investors by 14.8% in the 1st quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock worth $414,443,000 after buying an additional 1,715,004 shares in the last quarter. Federated Hermes Inc. increased its stake in Omega Healthcare Investors by 3.6% in the 2nd quarter. Federated Hermes Inc. now owns 2,573,257 shares of the real estate investment trust’s stock worth $72,540,000 after buying an additional 90,293 shares in the last quarter. Legal & General Group Plc increased its stake in Omega Healthcare Investors by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 1,803,170 shares of the real estate investment trust’s stock worth $50,832,000 after buying an additional 54,561 shares in the last quarter. Invesco Ltd. increased its stake in Omega Healthcare Investors by 39.4% in the 1st quarter. Invesco Ltd. now owns 1,733,619 shares of the real estate investment trust’s stock worth $54,019,000 after buying an additional 489,972 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its stake in Omega Healthcare Investors by 34.5% in the 1st quarter. Centersquare Investment Management LLC now owns 1,706,007 shares of the real estate investment trust’s stock worth $53,158,000 after buying an additional 437,240 shares in the last quarter. 63.58% of the stock is owned by institutional investors.

Omega Healthcare Investors Trading Up 0.3 %

OHI opened at $28.10 on Friday. The firm has a market cap of $6.58 billion, a P/E ratio of 16.15 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 12 month low of $24.81 and a 12 month high of $33.71. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average of $29.44 and a 200 day moving average of $30.52.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 9.54%. The ex-dividend date was Monday, October 31st. Omega Healthcare Investors’s payout ratio is currently 154.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Credit Suisse Group lowered Omega Healthcare Investors from a “neutral” rating to an “underperform” rating and set a $25.00 price target for the company. in a research note on Monday, January 9th. Robert W. Baird cut their price objective on Omega Healthcare Investors from $32.00 to $29.00 in a research report on Friday. Raymond James raised their price objective on Omega Healthcare Investors from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 9th. Bank of America lowered Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $33.00 in a research report on Monday, November 14th. Finally, StockNews.com assumed coverage on Omega Healthcare Investors in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.89.

About Omega Healthcare Investors

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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.

See Also

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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