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

JPMorgan Chase & Co. boosted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.4% during the 3rd quarter, according to its most recent Form 13F 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 acquiring an additional 103,010 shares during the period. JPMorgan Chase & Co.’s holdings in Omega Healthcare Investors were worth $81,230,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased 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 purchasing an additional 934 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in Omega Healthcare Investors in the third quarter valued at about $228,000. Retirement Systems of Alabama raised its stake in Omega Healthcare Investors by 2.7% during the third quarter. Retirement Systems of Alabama now owns 313,212 shares of the real estate investment trust’s stock valued at $12,748,000 after buying an additional 8,231 shares in the last quarter. Franklin Resources Inc. raised its stake in Omega Healthcare Investors by 441.4% during the third quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock valued at $17,177,000 after buying an additional 350,570 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in Omega Healthcare Investors by 158.8% during the 3rd quarter. Tidal Investments LLC now owns 46,159 shares of the real estate investment trust’s stock worth $1,879,000 after buying an additional 28,326 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OHI shares. Mizuho upped their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a report on Thursday, October 31st. Royal Bank of Canada increased their price objective on shares of 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. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 9th. Finally, Berenberg Bank started coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 price target on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.18.

Omega Healthcare Investors Stock Up 0.1 %

Shares of OHI stock opened at $37.87 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The stock has a market cap 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. The business’s fifty day moving average is $39.69 and its 200-day moving average is $38.46. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $44.42.

Omega Healthcare Investors Announces Dividend

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

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.