Park Avenue Securities LLC Buys 544 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Park Avenue Securities LLC increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,066 shares of the real estate investment trust’s stock after acquiring an additional 544 shares during the period. Park Avenue Securities LLC’s holdings in Omega Healthcare Investors were worth $319,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OHI. MeadowBrook Investment Advisors LLC purchased a new position in Omega Healthcare Investors in the 4th quarter worth approximately $31,000. GAMMA Investing LLC purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth $35,000. Highlander Capital Management LLC increased its stake in shares of Omega Healthcare Investors by 150.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 750 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new stake in Omega Healthcare Investors during the 4th quarter valued at $80,000. Finally, Allworth Financial LP boosted its position in Omega Healthcare Investors by 699.4% during the 4th quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,497 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Up 1.5 %

Shares of Omega Healthcare Investors stock opened at $34.25 on Monday. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $34.77. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.25 and a beta of 0.96. The company has a 50-day moving average of $31.69 and a 200 day moving average of $30.96. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is 241.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OHI shares. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Eight investment 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 company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Moderate Buy” and an average price target 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.