Wolverine Asset Management LLC Makes New $1.82 Million Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wolverine Asset Management LLC bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 59,334 shares of the real estate investment trust’s stock, valued at approximately $1,819,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Omega Healthcare Investors by 96.5% during the 3rd quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock worth $98,908,000 after purchasing an additional 1,464,693 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Omega Healthcare Investors by 2,444.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock worth $37,409,000 after purchasing an additional 1,083,816 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Omega Healthcare Investors by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after purchasing an additional 1,003,927 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Omega Healthcare Investors by 72.2% during the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock worth $39,131,000 after purchasing an additional 535,093 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Omega Healthcare Investors by 60.7% during the 3rd quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust’s stock worth $44,613,000 after purchasing an additional 508,327 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 0.1 %

OHI opened at $30.67 on Thursday. Omega Healthcare Investors, Inc. has a 1-year low of $26.00 and a 1-year high of $34.77. The firm has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $31.15. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $7.52 billion, a PE ratio of 30.98, a PEG ratio of 10.05 and a beta of 0.91.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is 270.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and raised their target price for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. BNP Paribas upgraded shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $36.00 target price on the stock. Truist Financial raised their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company raised shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $31.00 to $35.00 in a report on Monday, February 26th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.58.

Omega Healthcare Investors Company 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.