ICA Group Wealth Management LLC Takes $92,000 Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

ICA Group Wealth Management LLC acquired a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) during the 4th quarter, HoldingsChannel reports. The fund acquired 3,000 shares of the real estate investment trust’s stock, valued at approximately $92,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Omega Healthcare Investors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after buying an additional 1,003,927 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Omega Healthcare Investors by 36.6% in the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after acquiring an additional 960,997 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Omega Healthcare Investors by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock valued at $107,358,000 after acquiring an additional 40,999 shares during the last quarter. FMR LLC increased its position in Omega Healthcare Investors by 96.5% during the 3rd quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock valued at $98,908,000 after purchasing an additional 1,464,693 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Omega Healthcare Investors by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock worth $90,403,000 after purchasing an additional 124,483 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Trading Up 0.4 %

NYSE:OHI opened at $32.51 on Tuesday. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $34.77. The company has a current ratio of 6.68, a quick ratio of 6.68 and a debt-to-equity ratio of 1.36. The firm’s 50 day moving average is $31.20 and its 200 day moving average is $30.82. The stock has a market capitalization of $8.03 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.68 annualized dividend and a dividend yield of 8.24%. Omega Healthcare Investors’s payout ratio is presently 241.44%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OHI. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Truist Financial lifted their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.63.

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.