Omega Healthcare Investors, Inc. (NYSE:OHI) Holdings Raised by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,388 shares of the real estate investment trust’s stock after acquiring an additional 16,727 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.12% of Omega Healthcare Investors worth $8,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in OHI. Jump Financial LLC boosted its position in Omega Healthcare Investors by 547.8% during the 3rd quarter. Jump Financial LLC now owns 82,311 shares of the real estate investment trust’s stock valued at $2,729,000 after purchasing an additional 69,605 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Omega Healthcare Investors by 9.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust’s stock valued at $20,355,000 after purchasing an additional 58,198 shares during the period. State of Alaska Department of Revenue boosted its position in Omega Healthcare Investors by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 142,445 shares of the real estate investment trust’s stock valued at $4,367,000 after purchasing an additional 1,232 shares during the period. Vanguard Group Inc. boosted its position in Omega Healthcare Investors by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after purchasing an additional 1,003,927 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Omega Healthcare Investors by 6.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 155,078 shares of the real estate investment trust’s stock worth $4,755,000 after acquiring an additional 9,473 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on OHI. Truist Financial boosted their price target on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Bank of America lowered Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $31.00 in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price objective for the company. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a report on Thursday, February 8th. Finally, Mizuho cut their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $33.58.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $30.70 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. Omega Healthcare Investors, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $34.77. The stock’s 50-day moving average is $31.01 and its two-hundred day moving average is $31.15. The firm has a market cap of $7.53 billion, a P/E ratio of 31.01, a PEG ratio of 9.96 and a beta of 0.91.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 8.73%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s payout ratio is currently 270.71%.

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.