Nisa Investment Advisors LLC Has $3.69 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Nisa Investment Advisors LLC lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 120,188 shares of the real estate investment trust’s stock after selling 7,159 shares during the period. Nisa Investment Advisors LLC’s holdings in Omega Healthcare Investors were worth $3,685,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in OHI. Federated Hermes Inc. raised its position in shares of Omega Healthcare Investors by 7,010.8% during the first quarter. Federated Hermes Inc. now owns 2,482,964 shares of the real estate investment trust’s stock valued at $77,369,000 after buying an additional 2,448,046 shares during the last quarter. State Street Corp raised its position in shares of Omega Healthcare Investors by 14.8% during the first quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock valued at $414,443,000 after buying an additional 1,715,004 shares during the last quarter. FMR LLC raised its position in shares of Omega Healthcare Investors by 96.5% during the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock valued at $98,908,000 after buying an additional 1,464,693 shares during the last quarter. Norges Bank acquired a new position in shares of Omega Healthcare Investors during the fourth quarter valued at about $36,626,000. Finally, Wellington Management Group LLP raised its position in shares of Omega Healthcare Investors by 2,444.9% during the third quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock valued at $37,409,000 after buying an additional 1,083,816 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $30.68 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. The firm has a market cap of $7.53 billion, a P/E ratio of 30.99, a P/E/G ratio of 10.09 and a beta of 0.91. The firm has a 50 day simple moving average of $30.85 and a 200 day simple moving average of $31.33. Omega Healthcare Investors, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $34.77.

Omega Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.74%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 270.71%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Bank of America cut shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their price target for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Mizuho cut their price target on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 price target for the company. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.58.

About Omega Healthcare Investors

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.