Graypoint LLC Has $2.78 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Graypoint LLC boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 73,312 shares of the real estate investment trust’s stock after acquiring an additional 1,152 shares during the quarter. Graypoint LLC’s holdings in Omega Healthcare Investors were worth $2,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Omega Healthcare Investors by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,975 shares of the real estate investment trust’s stock valued at $2,075,000 after acquiring an additional 325 shares in the last quarter. Diversified Trust Co bought a new position in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $248,000. Everence Capital Management Inc. bought a new stake in Omega Healthcare Investors during the fourth quarter worth $329,000. GAMMA Investing LLC raised its position in Omega Healthcare Investors by 14.4% in the 4th quarter. GAMMA Investing LLC now owns 4,004 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 504 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Omega Healthcare Investors by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,995,825 shares of the real estate investment trust’s stock valued at $81,230,000 after acquiring an additional 103,010 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OHI shares. BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Thursday, October 31st. Mizuho lifted their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Wells Fargo & Company restated an “overweight” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Royal Bank of Canada raised 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 report on Monday, November 11th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and an average target price of $40.18.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI traded down $1.00 during mid-day trading on Friday, hitting $36.83. The company had a trading volume of 2,322,140 shares, compared to its average volume of 1,717,206. The stock’s 50-day moving average price is $39.25 and its 200-day moving average price is $38.63. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.22 and a beta of 0.99. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $44.42.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, November 4th. This represents a $2.68 annualized dividend and a yield of 7.28%. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

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.