IHT Wealth Management LLC Purchases 6,246 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

IHT Wealth Management LLC boosted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 86.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,436 shares of the real estate investment trust’s stock after acquiring an additional 6,246 shares during the period. IHT Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garden State Investment Advisory Services LLC bought a new position in Omega Healthcare Investors during the third quarter valued at approximately $228,000. Beck Capital Management LLC bought a new position in Omega Healthcare Investors during the third quarter valued at approximately $3,213,000. Atom Investors LP bought a new position in Omega Healthcare Investors during the third quarter valued at approximately $992,000. Kestra Investment Management LLC bought a new position in Omega Healthcare Investors during the third quarter valued at approximately $690,000. Finally, Erste Asset Management GmbH bought a new position in Omega Healthcare Investors during the third quarter valued at approximately $3,822,000. 65.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OHI has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Scotiabank raised their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Truist Financial raised their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Berenberg Bank initiated coverage on Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, 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 note on Monday, November 11th. Seven equities 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.com, the company presently has a consensus rating of “Hold” and an average price target of $40.18.

Insiders Place Their Bets

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at $4,025,000. This trade represents a 36.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert O. Stephenson sold 22,542 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the transaction, 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 company insiders.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $39.25 on Friday. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $44.42. 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 firm has a market capitalization of $10.60 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.23 and a beta of 0.98. The stock has a 50 day moving average price of $40.48 and a 200 day moving average price of $37.65.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 6.83%. Omega Healthcare Investors’s 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.