Omega Healthcare Investors, Inc. (NYSE:OHI) Stock Position Lifted by Bank of Montreal Can

Bank of Montreal Can lifted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 309.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,394 shares of the real estate investment trust’s stock after acquiring an additional 202,131 shares during the quarter. Bank of Montreal Can’s holdings in Omega Healthcare Investors were worth $10,784,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in Omega Healthcare Investors by 317.7% during the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock worth $160,739,000 after purchasing an additional 3,003,845 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Omega Healthcare Investors during the second quarter worth $20,962,000. Dimensional Fund Advisors LP lifted its position in shares of Omega Healthcare Investors by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,732,390 shares of the real estate investment trust’s stock worth $127,831,000 after buying an additional 272,299 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Omega Healthcare Investors by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust’s stock valued at $155,893,000 after buying an additional 240,006 shares during the period. Finally, Sei Investments Co. grew its position in shares of Omega Healthcare Investors by 150.8% during the 2nd quarter. Sei Investments Co. now owns 298,761 shares of the real estate investment trust’s stock valued at $10,233,000 after buying an additional 179,623 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Down 0.1 %

Omega Healthcare Investors stock opened at $40.61 on Monday. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $44.42. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.26 and a beta of 0.99. The company’s 50-day moving average price is $40.61 and its two-hundred day moving average price is $37.40. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued 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 6.60%. Omega Healthcare Investors’s payout ratio is 197.06%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised their target price 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. Scotiabank boosted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company restated an “overweight” rating and set a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, October 31st. Finally, Truist Financial upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.00.

Insiders Place Their Bets

In other news, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the transaction, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $4,025,000. The trade was a 36.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert O. Stephenson sold 22,542 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the sale, the chief financial officer now owns 183,076 shares in the company, valued at $7,357,824.44. The trade was a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Omega Healthcare Investors 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.