Fulton Bank N.A. Sells 616 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Fulton Bank N.A. lessened its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,007 shares of the real estate investment trust’s stock after selling 616 shares during the period. Fulton Bank N.A.’s holdings in Omega Healthcare Investors were worth $341,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Omega Healthcare Investors by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock worth $261,589,000 after purchasing an additional 192,465 shares during the last quarter. State Street Corp increased its holdings in Omega Healthcare Investors by 0.9% during the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock worth $502,228,000 after buying an additional 114,085 shares during the last quarter. Assetmark Inc. raised its position in Omega Healthcare Investors by 1.7% during the third quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust’s stock worth $48,492,000 after acquiring an additional 19,542 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Omega Healthcare Investors by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 226,338 shares of the real estate investment trust’s stock valued at $9,212,000 after acquiring an additional 123,836 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Omega Healthcare Investors by 5.4% in 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 during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Royal Bank of Canada raised their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research report 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 on the stock in a report on Monday, December 9th. Berenberg Bank initiated coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 price target for the company. Finally, BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.18.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $36.83 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $44.42. The company’s 50 day moving average price is $39.16 and its two-hundred day moving average price is $38.66. The firm has a market cap of $9.94 billion, a PE ratio of 27.08, a PEG ratio of 1.22 and a beta of 0.99. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 dividend on an annualized basis and a yield of 7.28%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 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.