HighPoint Advisor Group LLC Acquires New Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

HighPoint Advisor Group LLC bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,463 shares of the real estate investment trust’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Napatree Capital LLC acquired a new stake in Omega Healthcare Investors during the 4th quarter worth $229,000. Vanguard Group Inc. increased its holdings in shares of Omega Healthcare Investors by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 35,214,682 shares of the real estate investment trust’s stock worth $1,079,682,000 after acquiring an additional 346,811 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $92,000. Fisher Asset Management LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter valued at about $206,000. Finally, Slagle Financial LLC grew its position in shares of Omega Healthcare Investors by 102.1% in the 4th quarter. Slagle Financial LLC now owns 94,586 shares of the real estate investment trust’s stock valued at $2,900,000 after purchasing an additional 47,785 shares during the period. 65.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on OHI shares. Truist Financial raised their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.63.

Omega Healthcare Investors Stock Up 0.7 %

OHI stock opened at $32.70 on Wednesday. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 1.19 and a beta of 0.96. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $34.77. The business has a 50 day moving average price of $31.22 and a two-hundred day moving average price of $30.83. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.68 annualized dividend and a dividend yield of 8.20%. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

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.