159,400 Shares in Omega Healthcare Investors, Inc. (NYSE:OHI) Purchased by National Bank of Canada FI

National Bank of Canada FI bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 159,400 shares of the real estate investment trust’s stock, valued at approximately $6,488,000. National Bank of Canada FI owned 0.06% of Omega Healthcare Investors at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Omega Healthcare Investors by 353.4% during the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 516 shares during the period. True Wealth Design LLC acquired a new position in Omega Healthcare Investors during the third quarter worth about $31,000. DiNuzzo Private Wealth Inc. acquired a new position in Omega Healthcare Investors during the third quarter worth about $33,000. V Square Quantitative Management LLC grew its position in Omega Healthcare Investors by 49.5% during the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 323 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Omega Healthcare Investors during the third quarter worth about $43,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Robert O. Stephenson sold 22,542 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the transaction, the chief financial officer now owns 183,076 shares of the company’s stock, valued at approximately $7,357,824.44. This trade represents a 10.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Daniel J. Booth sold 56,725 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at approximately $4,025,000. This represents a 36.19 % decrease in their position. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OHI. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research report on Thursday, October 31st. Scotiabank increased their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $43.00 price target (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a research report on Friday, October 18th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Royal Bank of Canada increased their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average price target of $40.18.

Omega Healthcare Investors Stock Down 0.2 %

Shares of NYSE OHI opened at $38.77 on Friday. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $44.42. The firm’s 50 day moving average price is $40.41 and its 200 day moving average price is $37.81. The firm has a market cap of $10.47 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

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.