GAMMA Investing LLC Purchases Shares of 1,203 Omega Healthcare Investors, Inc. (NYSE:OHI)

GAMMA Investing LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,203 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Other large investors have also recently bought and sold shares of the company. Peoples Bank KS bought a new stake in Omega Healthcare Investors in the third quarter valued at $33,000. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors during the third quarter worth $34,000. Highlander Capital Management LLC grew its holdings in shares of Omega Healthcare Investors by 150.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 750 shares during the last quarter. Clear Street Markets LLC bought a new stake in shares of Omega Healthcare Investors during the third quarter worth $73,000. Finally, Allworth Financial LP grew its holdings in shares of Omega Healthcare Investors by 699.4% during the fourth quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,497 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Up 0.2 %

Shares of NYSE:OHI opened at $31.34 on Friday. The company has a 50 day moving average price of $30.98 and a two-hundred day moving average price of $30.99. The company has a market capitalization of $7.74 billion, a PE ratio of 28.23, a PEG ratio of 10.26 and a beta of 0.92. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $34.77. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OHI. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $35.00 in a report on Monday, February 26th. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price on the stock. Truist Financial lifted their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, Bank of America downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $33.63.

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.