Farther Finance Advisors LLC Raises Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Farther Finance Advisors LLC grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 141.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,746 shares of the real estate investment trust’s stock after buying an additional 1,609 shares during the quarter. Farther Finance Advisors LLC’s holdings in Omega Healthcare Investors were worth $112,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Focus Financial Network Inc. raised its position in Omega Healthcare Investors by 1.0% during the third quarter. Focus Financial Network Inc. now owns 35,721 shares of the real estate investment trust’s stock worth $1,454,000 after acquiring an additional 357 shares during the period. Pacific Wealth Strategies Group Inc. boosted its holdings in Omega Healthcare Investors by 8.0% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 62,059 shares of the real estate investment trust’s stock worth $2,526,000 after buying an additional 4,577 shares during the last quarter. US Bancorp DE increased its stake in Omega Healthcare Investors by 6.3% during the 3rd quarter. US Bancorp DE now owns 15,864 shares of the real estate investment trust’s stock worth $646,000 after buying an additional 937 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Omega Healthcare Investors during the third quarter valued at approximately $200,000. Finally, Cutter & CO Brokerage Inc. boosted its stake in shares of Omega Healthcare Investors by 4.1% in the third quarter. Cutter & CO Brokerage Inc. now owns 8,542 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 336 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 target price on the stock. BMO Capital Markets upped their price target on Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, October 7th. Truist Financial lifted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.00.

Insider Activity at Omega Healthcare Investors

In other news, CFO Robert O. Stephenson sold 22,542 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the sale, the chief financial officer now directly owns 183,076 shares in the company, valued at $7,357,824.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at $4,025,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O. Stephenson sold 22,542 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the sale, the chief financial officer now owns 183,076 shares in the company, valued at approximately $7,357,824.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is owned by corporate insiders.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $41.39 on Tuesday. The company’s fifty day moving average is $40.59 and its two-hundred day moving average is $36.40. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The firm has a market capitalization of $11.17 billion, a P/E ratio of 30.43, a PEG ratio of 1.33 and a beta of 0.99. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $44.42.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.47%. Omega Healthcare Investors’s dividend payout ratio is presently 197.06%.

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.