Advisors Capital Management LLC Boosts Stock Position in Omega Healthcare Investors, Inc. $OHI

Advisors Capital Management LLC boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 936,433 shares of the real estate investment trust’s stock after purchasing an additional 18,342 shares during the period. Advisors Capital Management LLC owned about 0.32% of Omega Healthcare Investors worth $41,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 268 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Omega Healthcare Investors during the fourth quarter valued at about $47,000. True Wealth Design LLC lifted its holdings in Omega Healthcare Investors by 273.5% during the third quarter. True Wealth Design LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 815 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Omega Healthcare Investors by 823.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,228 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,095 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Omega Healthcare Investors by 1,159.0% during the third quarter. SJS Investment Consulting Inc. now owns 1,259 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,159 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America reiterated an “underperform” rating and set a $46.00 price objective (down from $52.00) on shares of Omega Healthcare Investors in a research note on Tuesday, April 14th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday. UBS Group reiterated a “buy” rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Cantor Fitzgerald boosted their price objective on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Finally, Scotiabank boosted their price objective on Omega Healthcare Investors from $45.00 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.83.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $46.40 on Friday. The firm has a market capitalization of $13.82 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.06 and a beta of 0.59. 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 stock’s 50-day simple moving average is $46.39 and its two-hundred day simple moving average is $44.64. Omega Healthcare Investors, Inc. has a twelve month low of $35.08 and a twelve month high of $49.14.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Monday, May 4th. Omega Healthcare Investors’s dividend payout ratio is currently 138.86%.

Omega Healthcare Investors Company Profile

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.