Algert Global LLC Boosts Stake in Omega Healthcare Investors, Inc. $OHI

Algert Global LLC lifted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2,524.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,900 shares of the real estate investment trust’s stock after purchasing an additional 195,170 shares during the quarter. Algert Global LLC owned approximately 0.07% of Omega Healthcare Investors worth $8,566,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Omega Healthcare Investors in the second quarter valued at approximately $121,800,000. Invesco Ltd. boosted its holdings in shares of Omega Healthcare Investors by 101.7% in the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after acquiring an additional 2,493,877 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Omega Healthcare Investors during the second quarter worth approximately $71,312,000. JPMorgan Chase & Co. grew its position in shares of Omega Healthcare Investors by 77.9% during the third quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock worth $144,278,000 after acquiring an additional 1,496,059 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC increased its holdings in shares of Omega Healthcare Investors by 165.5% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock valued at $84,767,000 after acquiring an additional 1,441,692 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on OHI shares. Scotiabank increased their price target on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. UBS Group restated a “buy” rating and issued a $52.00 price objective on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Weiss Ratings cut shares of Omega Healthcare Investors from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, March 5th. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $48.00 to $45.00 in a research note on Thursday, January 29th. Finally, Truist Financial raised their price target on Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, March 5th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.82.

Omega Healthcare Investors Stock Down 0.5%

Shares of Omega Healthcare Investors stock opened at $47.79 on Tuesday. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $49.14. The company has a market cap of $14.13 billion, a P/E ratio of 24.76, a PEG ratio of 1.56 and a beta of 0.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. The firm has a fifty day moving average of $45.80 and a two-hundred day moving average of $43.95.

Omega Healthcare Investors Announces Dividend

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