Westpac Banking Corp boosted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 71.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,705 shares of the real estate investment trust's stock after acquiring an additional 30,740 shares during the quarter. Westpac Banking Corp's holdings in Omega Healthcare Investors were worth $2,060,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new position in Omega Healthcare Investors during the 4th quarter valued at about $25,000. Atticus Wealth Management LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at approximately $25,000. National Bank of Canada FI raised its position in shares of Omega Healthcare Investors by 1,146.7% in the 4th quarter. National Bank of Canada FI now owns 935 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 860 shares during the period. Castle Wealth Management LLC acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $29,000. Finally, Tobam acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $51,000. 63.58% of the stock is currently owned by institutional investors and hedge funds.
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OHI opened at $26.75 on Tuesday. The company has a market capitalization of $6.27 billion, a P/E ratio of 14.94 and a beta of 1.02. The stock has a fifty day moving average of $27.15 and a 200-day moving average of $28.66. Omega Healthcare Investors, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $33.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 5.01 and a current ratio of 5.01.
Omega Healthcare Investors Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date of this dividend is Friday, April 28th. This is a boost from Omega Healthcare Investors's previous quarterly dividend of $0.18. Omega Healthcare Investors's payout ratio is currently 149.72%.
Wall Street Analyst Weigh In
OHI has been the topic of a number of analyst reports. StockNews.com upgraded shares of Omega Healthcare Investors from a "sell" rating to a "hold" rating in a research report on Saturday, April 8th. Credit Suisse Group restated an "underperform" rating and set a $25.00 target price on shares of Omega Healthcare Investors in a report on Friday, March 31st. Wells Fargo & Company began coverage on shares of Omega Healthcare Investors in a report on Wednesday, April 19th. They set an "overweight" rating and a $30.00 target price on the stock. Raymond James decreased their price target on shares of Omega Healthcare Investors from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Wednesday, February 15th. Finally, Robert W. Baird decreased their price target on shares of Omega Healthcare Investors from $32.00 to $29.00 in a research note on Friday, January 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of "Hold" and an average price target of $30.33.
Omega Healthcare Investors Profile
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Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.
Further Reading
- Get a free copy of the StockNews.com research report on Omega Healthcare Investors (OHI)
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