WFA Asset Management Corp Invests $39,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

WFA Asset Management Corp acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,246 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors also recently modified their holdings of OHI. Left Brain Wealth Management LLC boosted its stake in Omega Healthcare Investors by 2.0% in the fourth quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock worth $532,000 after buying an additional 335 shares in the last quarter. Royal Fund Management LLC lifted its position in Omega Healthcare Investors by 1.0% in the fourth quarter. Royal Fund Management LLC now owns 35,656 shares of the real estate investment trust’s stock valued at $1,093,000 after purchasing an additional 369 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Omega Healthcare Investors by 11.5% in the fourth quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 394 shares during the last quarter. Future Financial Wealth Managment LLC lifted its position in Omega Healthcare Investors by 5.0% in the first quarter. Future Financial Wealth Managment LLC now owns 8,403 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 400 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its position in Omega Healthcare Investors by 1.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 27,345 shares of the real estate investment trust’s stock valued at $838,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Down 0.4 %

Shares of NYSE:OHI traded down $0.12 on Wednesday, hitting $33.81. 297,754 shares of the company traded hands, compared to its average volume of 1,692,005. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $34.77. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. The stock has a 50 day simple moving average of $31.83 and a 200-day simple moving average of $31.01. The company has a market cap of $8.35 billion, a PE ratio of 30.57, a PEG ratio of 1.25 and a beta of 0.97.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, April 29th. This represents a $2.68 annualized dividend and a dividend yield of 7.93%. Omega Healthcare Investors’s payout ratio is presently 241.44%.

Wall Street Analyst Weigh In

OHI has been the subject of several recent research reports. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Truist Financial upped their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their target price for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Omega Healthcare Investors presently has a consensus rating of “Moderate Buy” and an average price target of $33.71.

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.