Tallon Kerry Patrick Purchases Shares of 33,004 Omega Healthcare Investors, Inc. (NYSE:OHI)

Tallon Kerry Patrick purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 33,004 shares of the real estate investment trust’s stock, valued at approximately $1,250,000. Omega Healthcare Investors comprises 1.2% of Tallon Kerry Patrick’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds also recently made changes to their positions in OHI. UMB Bank n.a. lifted its holdings in shares of Omega Healthcare Investors by 353.4% during the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 516 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at $31,000. Dunhill Financial LLC acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at $31,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at $33,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Omega Healthcare Investors by 49.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 323 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OHI. 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. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Mizuho lifted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Five equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.10.

Omega Healthcare Investors Price Performance

OHI opened at $37.86 on Friday. The company has a 50-day moving average of $38.94 and a 200-day moving average of $38.76. The company has a market capitalization of $10.22 billion, a P/E ratio of 27.84, a PEG ratio of 1.08 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $44.42. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s payout ratio is currently 197.06%.

About Omega Healthcare Investors

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.