New York Life Investment Management LLC Has $851,000 Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

New York Life Investment Management LLC boosted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 11.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,761 shares of the real estate investment trust’s stock after buying an additional 2,806 shares during the period. New York Life Investment Management LLC’s holdings in Omega Healthcare Investors were worth $851,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OHI. FMR LLC raised its position in 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 period. Wellington Management Group LLP grew its stake in Omega Healthcare Investors by 2,444.9% in 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 purchasing an additional 1,083,816 shares in the last quarter. Vanguard Group Inc. grew its stake in Omega Healthcare Investors by 3.0% in the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after purchasing an additional 1,003,927 shares in the last quarter. California Public Employees Retirement System grew its stake in Omega Healthcare Investors by 72.2% in the fourth quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock valued at $39,131,000 after purchasing an additional 535,093 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Omega Healthcare Investors by 60.7% in the third quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust’s stock valued at $44,613,000 after purchasing an additional 508,327 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $30.83 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.76. The company has a market cap of $7.61 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 10.26 and a beta of 0.92. The firm has a fifty day moving average price of $30.95 and a two-hundred day moving average price of $30.94. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.77.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Truist Financial boosted their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $31.00 in a research note on Tuesday, January 16th. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday. Finally, Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Omega Healthcare Investors has an average rating of “Hold” and an average price target of $33.63.

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.