American International Group Inc. Has $10.15 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

American International Group Inc. cut its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,928 shares of the real estate investment trust’s stock after selling 13,982 shares during the period. American International Group Inc. owned 0.13% of Omega Healthcare Investors worth $10,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OHI. Norges Bank bought a new stake in Omega Healthcare Investors in the fourth quarter valued at approximately $61,698,000. FMR LLC raised its stake in Omega Healthcare Investors by 96.5% in the 3rd quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock valued at $98,908,000 after acquiring an additional 1,464,693 shares during the period. Wellington Management Group LLP raised its stake in Omega Healthcare Investors by 2,444.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock valued at $37,409,000 after acquiring an additional 1,083,816 shares during the period. Vanguard Group Inc. lifted its holdings in Omega Healthcare Investors by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after purchasing an additional 1,003,927 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in Omega Healthcare Investors by 36.6% during the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after purchasing an additional 960,997 shares during the period. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Up 0.4 %

Shares of NYSE OHI opened at $32.51 on Tuesday. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $34.77. The stock’s fifty day moving average is $31.20 and its 200 day moving average is $30.82. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The stock has a market capitalization of $8.03 billion, a P/E ratio of 29.29, a PEG ratio of 1.19 and a beta of 0.96.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 8.24%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Truist Financial boosted their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and an average target price of $33.63.

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.