Janney Montgomery Scott LLC Acquires 526 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Janney Montgomery Scott LLC grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,493 shares of the real estate investment trust’s stock after buying an additional 526 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Omega Healthcare Investors were worth $1,282,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of OHI. Vanguard Group Inc. boosted its holdings in Omega Healthcare Investors by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after acquiring an additional 165,105 shares during the period. Caxton Associates LP purchased a new stake in shares of Omega Healthcare Investors during the second quarter valued at approximately $1,652,000. Cetera Advisors LLC bought a new position in shares of Omega Healthcare Investors in the first quarter worth approximately $646,000. Handelsbanken Fonder AB increased its stake in shares of Omega Healthcare Investors by 24.1% in the third quarter. Handelsbanken Fonder AB now owns 64,913 shares of the real estate investment trust’s stock worth $2,642,000 after buying an additional 12,600 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Omega Healthcare Investors by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 461,006 shares of the real estate investment trust’s stock worth $14,587,000 after buying an additional 16,703 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of recent analyst reports. Truist Financial raised their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Berenberg Bank initiated coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They set a “buy” rating and a $45.00 price target for the company. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research report on Thursday, October 31st. Finally, Scotiabank boosted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Hold” and an average target price of $40.00.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $39.74 on Friday. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.28 and a beta of 0.99. The business’s fifty day moving average is $40.66 and its 200 day moving average is $36.57. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $44.42.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $0.67 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.74%. Omega Healthcare Investors’s payout ratio is 197.06%.

Insider Activity at Omega Healthcare Investors

In related news, CFO Robert O. Stephenson sold 22,542 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the transaction, the chief financial officer now owns 183,076 shares of the company’s stock, valued at $7,357,824.44. This trade represents a 10.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Daniel J. Booth sold 56,725 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the completion of the sale, the chief operating officer now directly owns 100,000 shares in the company, valued at $4,025,000. This trade represents a 36.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

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.