Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,995,825 shares of the real estate investment trust’s stock after purchasing an additional 103,010 shares during the period. JPMorgan Chase & Co. owned about 0.74% of Omega Healthcare Investors worth $81,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OHI. B. Riley Wealth Advisors Inc. boosted its position in shares of Omega Healthcare Investors by 2.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,450 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 934 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of Omega Healthcare Investors in the third quarter valued at about $228,000. Retirement Systems of Alabama increased its stake in shares of Omega Healthcare Investors by 2.7% during the 3rd quarter. Retirement Systems of Alabama now owns 313,212 shares of the real estate investment trust’s stock worth $12,748,000 after purchasing an additional 8,231 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Omega Healthcare Investors by 441.4% during the 3rd quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock worth $17,177,000 after purchasing an additional 350,570 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Omega Healthcare Investors by 158.8% in the 3rd quarter. Tidal Investments LLC now owns 46,159 shares of the real estate investment trust’s stock valued at $1,879,000 after buying an additional 28,326 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on OHI. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Mizuho raised their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada raised their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.18.

Omega Healthcare Investors Trading Up 0.1 %

NYSE:OHI opened at $37.87 on Friday. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $44.42. The business’s 50-day moving average is $39.69 and its two-hundred day moving average is $38.46. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The firm has a market capitalization of $10.22 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.08%. Omega Healthcare Investors’s payout ratio is currently 197.06%.

Omega Healthcare Investors 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.