Hennion & Walsh Asset Management Inc. Has $690,000 Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Hennion & Walsh Asset Management Inc. lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 96.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,799 shares of the real estate investment trust’s stock after acquiring 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.

Other institutional investors and hedge funds have also bought and sold shares of the company. GoalVest Advisory LLC grew its position in shares of Omega Healthcare Investors by 18.0% in the 1st quarter. GoalVest Advisory LLC now owns 34,375 shares of the real estate investment trust’s stock valued at $1,089,000 after acquiring an additional 5,240 shares during the period. Sovereign Financial Group Inc. bought a new stake in Omega Healthcare Investors in the first quarter valued at approximately $309,000. Future Financial Wealth Managment LLC lifted its position in shares of Omega Healthcare Investors by 5.0% in the first quarter. Future Financial Wealth Managment LLC now owns 8,403 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 400 shares during the last quarter. Community Bank of Raymore boosted its stake in shares of Omega Healthcare Investors by 23.2% during the 1st quarter. Community Bank of Raymore now owns 16,555 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 3,115 shares during the period. Finally, Royal Fund Management LLC increased its holdings in shares of Omega Healthcare Investors by 5.0% during the 1st quarter. Royal Fund Management LLC now owns 37,455 shares of the real estate investment trust’s stock worth $1,186,000 after acquiring an additional 1,799 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $33.93 on Wednesday. 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 stock has a market capitalization of $8.38 billion, a PE ratio of 30.57, a PEG ratio of 1.25 and a beta of 0.97. The firm has a 50 day moving average of $31.83 and a 200-day moving average of $31.01. 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 given a dividend of $0.67 per share. The ex-dividend date was Monday, April 29th. This represents a $2.68 annualized dividend and a dividend yield of 7.90%. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Finally, Truist Financial upped their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.71.

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.