Allspring Global Investments Holdings LLC Sells 4,295 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,867 shares of the real estate investment trust’s stock after selling 4,295 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Omega Healthcare Investors were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of OHI. Toronto Dominion Bank grew its stake in Omega Healthcare Investors by 1.4% in the 1st quarter. Toronto Dominion Bank now owns 25,313 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 355 shares during the last quarter. Belpointe Asset Management LLC grew its stake in Omega Healthcare Investors by 2.5% in the 1st quarter. Belpointe Asset Management LLC now owns 14,406 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 356 shares during the last quarter. Global Retirement Partners LLC grew its stake in Omega Healthcare Investors by 2.5% in the 2nd quarter. Global Retirement Partners LLC now owns 16,431 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 394 shares during the last quarter. Fulton Bank N.A. grew its stake in Omega Healthcare Investors by 4.1% in the 2nd quarter. Fulton Bank N.A. now owns 10,092 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 399 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Omega Healthcare Investors by 3.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,500 shares of the real estate investment trust’s stock valued at $369,000 after buying an additional 405 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OHI. Wells Fargo & Company raised their target price on shares of Omega Healthcare Investors from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 17th. Bank of America upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, October 10th. Mizuho upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $35.00 in a research report on Friday, September 8th. Wedbush began coverage on shares of Omega Healthcare Investors in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, BNP Paribas lowered shares of Omega Healthcare Investors from a “neutral” rating to an “underperform” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.89.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $31.31 on Wednesday. Omega Healthcare Investors, Inc. has a 52 week low of $25.61 and a 52 week high of $34.77. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 30.73 and a beta of 1.00. The company has a 50-day moving average of $33.03 and a 200-day moving average of $31.25. The company has a debt-to-equity ratio of 1.37, a quick ratio of 5.55 and a current ratio of 6.99.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.67 per share. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 annualized dividend and a yield of 8.56%. The ex-dividend date is Monday, October 30th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 262.75%.

Omega Healthcare Investors Company 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.