Retirement Systems of Alabama Acquires 8,231 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Retirement Systems of Alabama raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,212 shares of the real estate investment trust’s stock after acquiring an additional 8,231 shares during the quarter. Retirement Systems of Alabama owned about 0.12% of Omega Healthcare Investors worth $12,748,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OHI. Daiwa Securities Group Inc. boosted its position in Omega Healthcare Investors by 317.7% during the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock valued at $160,739,000 after acquiring an additional 3,003,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Omega Healthcare Investors by 328.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,661,964 shares of the real estate investment trust’s stock worth $67,642,000 after purchasing an additional 1,274,238 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Omega Healthcare Investors during the 2nd quarter worth about $20,962,000. FMR LLC boosted its position in shares of Omega Healthcare Investors by 9.9% during the 3rd quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock worth $171,625,000 after purchasing an additional 380,626 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Omega Healthcare Investors by 441.4% during the 3rd quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock worth $17,177,000 after purchasing an additional 350,570 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Insider Buying and Selling at Omega Healthcare Investors

In other news, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at approximately $4,025,000. The trade was a 36.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the sale, the chief financial officer now directly owns 183,076 shares in the company, valued at $7,357,824.44. The trade was a 10.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Omega Healthcare Investors Price Performance

OHI stock opened at $39.21 on Monday. The firm’s 50-day moving average price is $40.38 and its two-hundred day moving average price is $37.97. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $44.42. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.21 and a beta of 0.98. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10.

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 given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s payout ratio is 197.06%.

Analyst Ratings Changes

A number of research firms recently weighed in on OHI. Truist Financial upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Scotiabank upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Royal Bank of Canada upped their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Finally, Berenberg Bank began coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.18.

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.