Royal Fund Management LLC Lowers Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Royal Fund Management LLC lowered its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 47.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 32,081 shares of the real estate investment trust’s stock after selling 28,653 shares during the period. Royal Fund Management LLC’s holdings in Omega Healthcare Investors were worth $1,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its position 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 purchasing an additional 516 shares in the last quarter. Dunhill Financial LLC bought a new stake in Omega Healthcare Investors during the third quarter valued at $31,000. True Wealth Design LLC purchased a new position in Omega Healthcare Investors during the third quarter worth about $31,000. DiNuzzo Private Wealth Inc. bought a new position in Omega Healthcare Investors in the 3rd quarter worth about $33,000. Finally, Grove Bank & Trust purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $30,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.8 %

NYSE OHI opened at $37.68 on Wednesday. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $44.42. The stock has a market capitalization of $10.17 billion, a PE ratio of 27.70, a PEG ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The business’s 50-day moving average is $38.78 and its 200 day moving average is $38.88.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.67 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.11%. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

Analysts Set New Price Targets

Several research firms recently weighed in on OHI. Berenberg Bank assumed 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 objective on the stock. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, October 31st. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Monday, December 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 price target (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada raised their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.10.

Omega Healthcare Investors 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.