46,804 Shares in Omega Healthcare Investors Inc (OHI) Purchased by Mutual Advisors LLC
Mutual Advisors LLC purchased a new stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 46,804 shares of the real estate investment trust’s stock, valued at approximately $1,289,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Barnett & Company Inc. raised its holdings in Omega Healthcare Investors by 1,980.0% in the 3rd quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 4,950 shares during the period. Mcmillion Capital Management Inc. purchased a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $201,000. Lourd Capital LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at about $202,000. Timber Hill LLC purchased a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $206,000. Finally, Good Life Advisors LLC purchased a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors own 73.86% of the company’s stock.
Shares of Omega Healthcare Investors Inc (NYSE:OHI) opened at $27.35 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.55 and a current ratio of 3.55. Omega Healthcare Investors Inc has a one year low of $24.90 and a one year high of $35.14. The firm has a market cap of $5,430.00, a P/E ratio of 59.46, a P/E/G ratio of 3.10 and a beta of 0.46.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 9.65%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Tuesday, January 30th. Omega Healthcare Investors’s dividend payout ratio is 573.91%.
OHI has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cantor Fitzgerald reiterated a “buy” rating and set a $34.00 price target on shares of Omega Healthcare Investors in a research note on Tuesday, February 13th. Wells Fargo & Co upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Thursday, February 15th. SunTrust Banks set a $28.00 price target on shares of Omega Healthcare Investors and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Jefferies Group reiterated an “underperform” rating on shares of Omega Healthcare Investors in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Omega Healthcare Investors presently has a consensus rating of “Hold” and an average target price of $31.37.
In other Omega Healthcare Investors news, Director Bernard J. Korman purchased 100,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $26.89 per share, with a total value of $2,689,000.00. Following the completion of the acquisition, the director now directly owns 896,895 shares of the company’s stock, valued at approximately $24,117,506.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.54% of the company’s stock.
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Omega Healthcare Investors Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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