Bright Futures Wealth Management LLC. Invests $458,000 in Omega Healthcare Investors, Inc. $OHI

Bright Futures Wealth Management LLC. bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,851 shares of the real estate investment trust’s stock, valued at approximately $458,000.

Several other large investors have also recently bought and sold shares of OHI. Salem Investment Counselors Inc. acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $39,000. Smartleaf Asset Management LLC boosted its holdings in shares of Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 268 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Omega Healthcare Investors by 1,654.4% in the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 943 shares in the last quarter. True Wealth Design LLC increased 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 worth $47,000 after buying an additional 815 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased 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 worth $53,000 after buying an additional 1,159 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OHI has been the subject of a number of analyst reports. Cantor Fitzgerald lifted their price objective on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. UBS Group reiterated a “buy” rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Jefferies Financial Group reissued a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a research report on Monday, December 15th. The Goldman Sachs Group initiated coverage on Omega Healthcare Investors in a research note on Friday, January 9th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Royal Bank Of Canada lifted their target price on Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.36.

Omega Healthcare Investors Trading Up 0.5%

Shares of NYSE:OHI opened at $48.32 on Monday. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $49.14. The business has a 50 day moving average of $45.02 and a 200-day moving average of $43.48. 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 has a market cap of $14.28 billion, a PE ratio of 25.03, a P/E/G ratio of 1.56 and a beta of 0.54.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $0.67 per share. The ex-dividend date was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 5.5%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 138.86%.

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.