abrdn plc Raises Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

abrdn plc raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307,168 shares of the real estate investment trust’s stock after acquiring an additional 87,686 shares during the period. abrdn plc owned approximately 0.53% of Omega Healthcare Investors worth $40,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of OHI. Peoples Bank KS purchased a new stake in Omega Healthcare Investors during the 3rd quarter valued at $33,000. NBC Securities Inc. purchased a new stake in Omega Healthcare Investors during the 3rd quarter valued at $34,000. Highlander Capital Management LLC raised its holdings in Omega Healthcare Investors by 150.0% during the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 750 shares during the period. Clear Street Markets LLC purchased a new stake in Omega Healthcare Investors during the 3rd quarter valued at $73,000. Finally, Allworth Financial LP raised its holdings in Omega Healthcare Investors by 699.4% during the 4th quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,497 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Down 0.5 %

Shares of NYSE OHI opened at $30.26 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. The stock has a market capitalization of $7.42 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 9.96 and a beta of 0.91. Omega Healthcare Investors, Inc. has a 1-year low of $26.00 and a 1-year high of $34.77. The business has a fifty day moving average price of $31.01 and a 200 day moving average price of $31.17.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 270.71%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $31.00 to $35.00 in a research report on Monday, February 26th. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research report on Thursday, February 8th. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus price target of $33.58.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.