Sheets Smith Wealth Management trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 9.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,404 shares of the real estate investment trust’s stock after selling 3,019 shares during the period. Sheets Smith Wealth Management’s holdings in Omega Healthcare Investors were worth $1,113,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Omega Healthcare Investors by 68.6% in the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 454 shares during the period. Community Bank of Raymore lifted its position in shares of Omega Healthcare Investors by 15.8% during the 4th quarter. Community Bank of Raymore now owns 26,510 shares of the real estate investment trust’s stock valued at $1,003,000 after buying an additional 3,615 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth $272,000. Grove Bank & Trust purchased a new stake in Omega Healthcare Investors in the 4th quarter worth about $30,000. Finally, Ameritas Advisory Services LLC raised its stake in 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 valued at $981,000 after acquiring an additional 2,024 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on OHI. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Wells Fargo & Company reissued an “overweight” rating and set a $43.00 target price (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 9th. Mizuho boosted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada raised their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.10.
Omega Healthcare Investors Trading Up 0.8 %
Shares of OHI opened at $37.68 on Wednesday. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $44.42. The company has a market capitalization of $10.17 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The firm’s 50 day simple moving average is $38.78 and its 200 day simple moving average is $38.88.
Omega Healthcare Investors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a yield of 7.11%. Omega Healthcare Investors’s dividend payout ratio is presently 197.06%.
About Omega Healthcare Investors
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.
Further Reading
- Five stocks we like better than Omega Healthcare Investors
- How to invest in marijuana stocks in 7 steps
- Teck Resources: America’s Ally in Rare Earth Elements
- 3 Warren Buffett Stocks to Buy Now
- Best Buy’s Dividend Is a Bargain With Double-Digit Upside
- Best Stocks Under $10.00
- SAP’s Strong Momentum: A Bullish Setup for Investors
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.