Citigroup Inc. Purchases 34,800 Shares of Omega Healthcare Investors, Inc. $OHI

Citigroup Inc. boosted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 470,672 shares of the real estate investment trust’s stock after purchasing an additional 34,800 shares during the quarter. Citigroup Inc. owned about 0.16% of Omega Healthcare Investors worth $19,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in OHI. Mutual Advisors LLC grew its holdings in Omega Healthcare Investors by 8.5% during the 3rd quarter. Mutual Advisors LLC now owns 327,383 shares of the real estate investment trust’s stock worth $13,321,000 after acquiring an additional 25,565 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Omega Healthcare Investors by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock worth $158,799,000 after purchasing an additional 239,134 shares during the period. HBK Sorce Advisory LLC acquired a new stake in shares of Omega Healthcare Investors during the third quarter worth $1,014,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Omega Healthcare Investors by 30.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 390,482 shares of the real estate investment trust’s stock valued at $16,486,000 after purchasing an additional 90,134 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Omega Healthcare Investors by 765.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 86,651 shares of the real estate investment trust’s stock valued at $3,658,000 after buying an additional 76,634 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Up 1.3%

Shares of OHI stock opened at $48.10 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $48.11. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $44.94 and a 200-day moving average of $43.38. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.53 and a beta of 0.57.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio is 138.86%.

Analyst Ratings Changes

Several research firms have recently issued reports on OHI. UBS Group restated a “buy” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. BMO Capital Markets downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research note on Friday, January 9th. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, December 1st. Finally, Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $45.00 in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.36.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.