Envestnet Asset Management Inc. Acquires 72,652 Shares of Omega Healthcare Investors, Inc. $OHI

Envestnet Asset Management Inc. raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 490,217 shares of the real estate investment trust’s stock after acquiring an additional 72,652 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of Omega Healthcare Investors worth $20,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of OHI. Norges Bank purchased a new position in Omega Healthcare Investors during the second quarter valued at $121,800,000. Hudson Bay Capital Management LP bought a new position in shares of Omega Healthcare Investors in the second quarter worth about $71,312,000. Lasalle Investment Management Securities LLC raised its stake in shares of Omega Healthcare Investors by 165.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock worth $84,767,000 after buying an additional 1,441,692 shares during the period. Vanguard Group Inc. lifted its position in shares of Omega Healthcare Investors by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,765,481 shares of the real estate investment trust’s stock valued at $1,494,055,000 after buying an additional 1,210,595 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Omega Healthcare Investors by 87.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,758,110 shares of the real estate investment trust’s stock valued at $64,435,000 after acquiring an additional 817,897 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $47.41 on Friday. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.53 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $47.94. The stock’s 50 day simple moving average is $44.46 and its two-hundred day simple moving average is $42.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 7.11.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 5.7%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 138.86%.

Wall Street Analyst Weigh In

A number of research firms have commented on OHI. UBS Group restated a “buy” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $45.00 in a research note on Thursday, January 29th. Cantor Fitzgerald increased their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.36.

Omega Healthcare Investors 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.