Louisiana State Employees Retirement System Invests $2.11 Million in Omega Healthcare Investors, Inc. (NYSE:OHI)

Louisiana State Employees Retirement System purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 68,800 shares of the real estate investment trust’s stock, valued at approximately $2,109,000.

Several other institutional investors have also modified their holdings of the company. Graypoint LLC grew its position in shares of Omega Healthcare Investors by 2.5% during the fourth quarter. Graypoint LLC now owns 68,041 shares of the real estate investment trust’s stock worth $2,086,000 after acquiring an additional 1,641 shares during the last quarter. RPG Investment Advisory LLC grew its position in shares of Omega Healthcare Investors by 1.3% during the fourth quarter. RPG Investment Advisory LLC now owns 193,640 shares of the real estate investment trust’s stock worth $5,937,000 after acquiring an additional 2,442 shares during the last quarter. Cerity Partners LLC grew its position in shares of Omega Healthcare Investors by 193.2% during the fourth quarter. Cerity Partners LLC now owns 169,905 shares of the real estate investment trust’s stock worth $5,209,000 after acquiring an additional 111,952 shares during the last quarter. Custom Index Systems LLC bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth about $209,000. Finally, International Assets Investment Management LLC grew its position in shares of Omega Healthcare Investors by 2,977.2% during the fourth quarter. International Assets Investment Management LLC now owns 129,089 shares of the real estate investment trust’s stock worth $4,210,000 after acquiring an additional 124,894 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $29.95 on Thursday. Omega Healthcare Investors, Inc. has a twelve month low of $26.00 and a twelve month high of $34.77. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 9.86 and a beta of 0.91. The firm has a 50-day moving average of $31.03 and a two-hundred day moving average of $31.23.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid a dividend of $0.67 per share. The ex-dividend date was Friday, February 2nd. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 dividend on an annualized basis and a yield of 8.95%. Omega Healthcare Investors’s dividend payout ratio is currently 270.71%.

Analysts Set New Price Targets

OHI has been the subject of several research analyst reports. Truist Financial upped their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Omega Healthcare Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective for the company. Citigroup raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a report on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.58.

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.