Dimensional Fund Advisors LP Acquires 107,843 Shares of Omega Healthcare Investors, Inc. $OHI

Dimensional Fund Advisors LP lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,211,183 shares of the real estate investment trust’s stock after acquiring an additional 107,843 shares during the period. Dimensional Fund Advisors LP owned approximately 1.42% of Omega Healthcare Investors worth $177,790,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of OHI. Mutual Advisors LLC lifted its position in shares of 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 buying an additional 25,565 shares during the last quarter. Bank of New York Mellon Corp grew its position in Omega Healthcare Investors by 6.8% in the third quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock valued at $158,799,000 after acquiring an additional 239,134 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new position in Omega Healthcare Investors in the third quarter valued at about $458,000. HBK Sorce Advisory LLC acquired a new position in Omega Healthcare Investors during the third quarter worth about $1,014,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Omega Healthcare Investors by 77.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after purchasing an additional 1,496,059 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group started coverage on Omega Healthcare Investors in a research note on Friday, January 9th. They issued a “buy” rating and a $54.00 price target for the company. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $48.00 to $45.00 in a report on Thursday, January 29th. Truist Financial boosted their price objective on Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Cantor Fitzgerald upped their target price on Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.82.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $47.76 on Monday. The stock’s 50 day moving average is $45.37 and its 200 day moving average is $43.71. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04. The firm has a market cap of $14.12 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.55 and a beta of 0.54. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $49.14.

Omega Healthcare Investors Announces Dividend

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

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.