Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 193.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 169,905 shares of the real estate investment trust’s stock after buying an additional 111,952 shares during the period. Cerity Partners LLC’s holdings in Omega Healthcare Investors were worth $5,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Qube Research & Technologies Ltd acquired a new stake in Omega Healthcare Investors in the 3rd quarter worth about $25,000. Resurgent Financial Advisors LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter worth about $27,000. Point72 Asset Management L.P. acquired a new stake in Omega Healthcare Investors in the 2nd quarter worth about $32,000. Peoples Bank KS acquired a new stake in Omega Healthcare Investors in the 3rd quarter worth about $33,000. Finally, NBC Securities Inc. acquired a new stake in Omega Healthcare Investors in the 3rd quarter worth about $34,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Down 0.7 %

OHI stock opened at $30.11 on Wednesday. The firm has a market cap of $7.39 billion, a PE ratio of 30.41, a PEG ratio of 9.93 and a beta of 0.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. The firm’s 50 day moving average price is $30.99 and its 200-day moving average price is $31.24. Omega Healthcare Investors, Inc. has a one year low of $26.00 and a one year high of $34.77.

Omega Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.90%. The ex-dividend date of this dividend was Friday, February 2nd. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s payout ratio is presently 270.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. Wells Fargo & Company raised shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. Truist Financial raised their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research note on Thursday, February 8th. Finally, Mizuho decreased their target price on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $33.58.

Omega Healthcare Investors 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.