Sovereign Financial Group Inc. Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Sovereign Financial Group Inc. bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 9,750 shares of the real estate investment trust’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $61,698,000. FMR LLC boosted its holdings in 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 purchasing an additional 1,464,693 shares during the period. Wellington Management Group LLP grew its stake in Omega Healthcare Investors by 2,444.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock worth $37,409,000 after purchasing an additional 1,083,816 shares in the last quarter. Vanguard Group Inc. raised its position in 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 purchasing an additional 1,003,927 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in shares of Omega Healthcare Investors by 36.6% in the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after buying an additional 960,997 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Up 0.9 %

Shares of NYSE:OHI opened at $33.73 on Friday. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 1.22 and a beta of 0.96. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.77. The firm’s 50-day simple moving average is $31.62 and its 200-day simple moving average is $30.94. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.95%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s payout ratio is 241.44%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OHI. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Truist Financial upped their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price target for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.71.

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.