Choreo LLC Buys 8,827 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Choreo LLC raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 77.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,195 shares of the real estate investment trust’s stock after buying an additional 8,827 shares during the period. Choreo LLC’s holdings in Omega Healthcare Investors were worth $619,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Omega Healthcare Investors by 3.0% in the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after purchasing an additional 1,003,927 shares during the period. FMR LLC increased its stake in shares of Omega Healthcare Investors by 96.5% in the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock worth $98,908,000 after purchasing an additional 1,464,693 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Omega Healthcare Investors by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,824,071 shares of the real estate investment trust’s stock worth $93,646,000 after purchasing an additional 227,609 shares during the period. Northern Trust Corp increased its stake in shares of Omega Healthcare Investors by 1.0% in the third quarter. Northern Trust Corp now owns 1,918,137 shares of the real estate investment trust’s stock worth $63,605,000 after purchasing an additional 19,903 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Omega Healthcare Investors by 60.7% in the third quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust’s stock worth $44,613,000 after purchasing an additional 508,327 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Up 1.9 %

NYSE OHI opened at $31.27 on Friday. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average is $30.97 and its two-hundred day moving average is $31.04. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 10.05 and a beta of 0.92. Omega Healthcare Investors, Inc. has a 1-year low of $26.97 and a 1-year high of $34.77.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s payout ratio is 270.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OHI. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price on the stock. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research report on Thursday, February 8th. Truist Financial lifted their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $31.00 in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.58.

Omega Healthcare Investors Company Profile

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.