Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,918 shares of the real estate investment trust’s stock after purchasing an additional 12,228 shares during the quarter. Van ECK Associates Corp’s holdings in Omega Healthcare Investors were worth $2,634,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Peoples Bank KS acquired a new stake in shares of Omega Healthcare Investors during the third quarter worth $33,000. NBC Securities Inc. acquired a new stake in Omega Healthcare Investors in the third quarter valued at $34,000. GAMMA Investing LLC acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth $35,000. Highlander Capital Management LLC grew its stake in shares of 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 worth $38,000 after purchasing an additional 750 shares during the period. Finally, Clear Street Markets LLC purchased a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $73,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Trading Down 0.6 %

Shares of OHI stock opened at $30.94 on Wednesday. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 10.26 and a beta of 0.92. The company has a quick ratio of 6.76, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.77. The firm’s 50 day moving average price is $30.97 and its two-hundred day moving average price is $30.94.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.66%. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Analyst Ratings Changes

A number of research firms recently commented on OHI. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Thursday, February 8th. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price target for the company. Finally, Bank of America lowered shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $33.00 to $31.00 in a research report on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average price target of $33.63.

Omega Healthcare Investors 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.