Grove Bank & Trust Invests $30,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Grove Bank & Trust bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 800 shares of the real estate investment trust’s stock, valued at approximately $30,000.

Several other large investors have also made changes to their positions in the company. Ameritas Advisory Services LLC grew its holdings in shares of Omega Healthcare Investors by 8.5% in the 4th quarter. Ameritas Advisory Services LLC now owns 25,919 shares of the real estate investment trust’s stock worth $981,000 after purchasing an additional 2,024 shares during the last quarter. Merit Financial Group LLC grew its holdings in Omega Healthcare Investors by 22.5% during the 4th quarter. Merit Financial Group LLC now owns 34,075 shares of the real estate investment trust’s stock worth $1,290,000 after acquiring an additional 6,258 shares during the last quarter. Tallon Kerry Patrick bought a new stake in Omega Healthcare Investors during the 4th quarter worth about $1,250,000. Hennion & Walsh Asset Management Inc. grew its holdings in Omega Healthcare Investors by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 21,971 shares of the real estate investment trust’s stock worth $832,000 after acquiring an additional 363 shares during the last quarter. Finally, Greenfield Savings Bank grew its holdings in Omega Healthcare Investors by 27.9% during the 4th quarter. Greenfield Savings Bank now owns 12,837 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 2,798 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OHI. Wells Fargo & Company restated an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a research report on Friday, October 18th. They set a “buy” rating and a $45.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Thursday, October 31st. Finally, BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 9th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.10.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $37.39 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The company has a market capitalization of $10.09 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. The company’s 50 day moving average price is $38.86 and its two-hundred day moving average price is $38.85. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $44.42.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, November 4th. This represents a $2.68 annualized dividend and a yield of 7.17%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 197.06%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.