Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,272 shares of the real estate investment trust’s stock after purchasing an additional 3,201 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OHI. Vanguard Group Inc. grew its holdings in Omega Healthcare Investors by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 35,214,682 shares of the real estate investment trust’s stock valued at $1,079,682,000 after buying an additional 346,811 shares during the period. Centersquare Investment Management LLC grew its holdings in 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 valued at $109,924,000 after purchasing an additional 960,997 shares during the period. Dimensional Fund Advisors LP increased its position in Omega Healthcare Investors by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock worth $107,358,000 after purchasing an additional 40,999 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Omega Healthcare Investors by 4.4% during the fourth 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. Finally, Norges Bank purchased a new position in Omega Healthcare Investors during the fourth quarter worth approximately $61,698,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $33.79 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The company’s fifty day moving average price is $31.95 and its two-hundred day moving average price is $31.04. The firm has a market capitalization of $8.35 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.24 and a beta of 0.97. 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 declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.93%. The ex-dividend date of this dividend was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OHI. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Truist Financial raised their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Eight research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.71.

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.