Grove Bank & Trust Buys New Shares in Omega Healthcare Investors, Inc. (NYSE:OHI)

Grove Bank & Trust bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, Holdings Channel reports. The firm bought 800 shares of the real estate investment trust’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OHI. UMB Bank n.a. grew its stake in shares of Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 516 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Omega Healthcare Investors in the third quarter valued at $31,000. Dunhill Financial LLC bought a new position in shares of Omega Healthcare Investors in the third quarter valued at $31,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Omega Healthcare Investors in the third quarter valued at $33,000. Finally, V Square Quantitative Management LLC lifted its holdings in 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 purchasing an additional 323 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OHI. BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a report on Thursday, October 31st. Royal Bank of Canada raised their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 9th. 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 report on Tuesday, October 1st. Finally, Berenberg Bank initiated coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 price target for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.10.

Omega Healthcare Investors Stock Down 1.2 %

OHI stock opened at $37.39 on Tuesday. The company has a market cap of $10.09 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. The business has a 50-day simple moving average of $38.86 and a 200 day simple moving average of $38.85. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $44.42. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 197.06%.

Omega Healthcare Investors Company Profile

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.