Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 96.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,799 shares of the real estate investment trust’s stock after buying an additional 10,714 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Omega Healthcare Investors were worth $690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC bought a new stake in Omega Healthcare Investors during the 4th quarter valued at $31,000. GAMMA Investing LLC acquired a new stake in Omega Healthcare Investors in the fourth quarter worth about $35,000. Highlander Capital Management LLC grew its position in Omega Healthcare Investors by 150.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 750 shares in the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in Omega Healthcare Investors during the 4th quarter valued at about $80,000. Finally, Allworth Financial LP raised its position in shares of 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 worth $87,000 after buying an additional 2,497 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OHI. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Truist Financial raised their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $35.00 in a research report 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.71.

Omega Healthcare Investors Price Performance

OHI opened at $33.93 on Wednesday. The firm has a market capitalization of $8.38 billion, a P/E ratio of 30.57, a PEG ratio of 1.25 and a beta of 0.97. The stock has a fifty day moving average of $31.83 and a 200-day moving average of $31.01. 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, Inc. has a 12-month low of $27.53 and a 12-month high of $34.77.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.90%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is currently 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.