Teachers Retirement System of The State of Kentucky Has $2.34 Million Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Teachers Retirement System of The State of Kentucky cut its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,209 shares of the real estate investment trust’s stock after selling 3,900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Omega Healthcare Investors were worth $2,336,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Omega Healthcare Investors by 3.0% in 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 acquiring an additional 1,003,927 shares during the period. Centersquare Investment Management LLC increased 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 buying an additional 960,997 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Omega Healthcare Investors by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock valued at $107,358,000 after buying an additional 40,999 shares during the period. FMR LLC lifted its position in shares of Omega Healthcare Investors by 96.5% in the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock valued at $98,908,000 after buying an additional 1,464,693 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Omega Healthcare Investors by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock valued at $90,403,000 after buying an additional 124,483 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup raised 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 report on Friday, March 22nd. Truist Financial upped their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.63.

Omega Healthcare Investors Stock Up 0.0 %

Shares of OHI opened at $32.70 on Friday. The company has a current ratio of 6.68, a quick ratio of 6.68 and a debt-to-equity ratio of 1.36. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $34.77. The firm’s 50 day moving average is $31.29 and its 200-day moving average is $30.85. The stock has a market capitalization of $8.08 billion, a PE ratio of 29.46, a P/E/G ratio of 1.20 and a beta of 0.96.

Omega Healthcare Investors Announces Dividend

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

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.