Royal Fund Management LLC Has $1.09 Million Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Royal Fund Management LLC increased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,656 shares of the real estate investment trust’s stock after buying an additional 369 shares during the period. Royal Fund Management LLC’s holdings in Omega Healthcare Investors were worth $1,093,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at $33,000. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at $34,000. GAMMA Investing LLC bought a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at $35,000. Highlander Capital Management LLC increased its stake in shares of Omega Healthcare Investors by 150.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 750 shares in the last quarter. Finally, Clear Street Markets LLC bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at $73,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on OHI shares. Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective on the stock in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Omega Healthcare Investors in a report on Tuesday, January 30th. They set a “buy” rating and a $36.00 price objective on the stock. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Finally, Bank of America downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.63.

Omega Healthcare Investors Price Performance

Shares of OHI stock traded up $0.07 during trading on Friday, hitting $31.34. The company had a trading volume of 2,470,937 shares, compared to its average volume of 1,414,371. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 10.24 and a beta of 0.92. The stock’s 50-day moving average is $30.97 and its two-hundred day moving average is $31.04. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $34.77.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

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.