Gallacher Capital Management LLC Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Gallacher Capital Management LLC bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,887 shares of the real estate investment trust’s stock, valued at approximately $345,000.

Other large investors have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC purchased a new position in Omega Healthcare Investors during the fourth quarter worth about $31,000. GAMMA Investing LLC acquired a new position in Omega Healthcare Investors during the fourth quarter worth about $35,000. Highlander Capital Management LLC grew its position in Omega Healthcare Investors by 150.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 750 shares during the period. WFA Asset Management Corp acquired a new position in Omega Healthcare Investors during the first quarter worth about $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in Omega Healthcare Investors during the fourth quarter worth about $80,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on OHI. Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price target for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Truist Financial raised their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Scotiabank raised their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.65.

Omega Healthcare Investors Stock Up 0.1 %

Omega Healthcare Investors stock traded up $0.02 during midday trading on Friday, hitting $34.43. 450,368 shares of the stock were exchanged, compared to its average volume of 1,669,807. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $34.80. The firm has a market cap of $8.51 billion, a P/E ratio of 31.00, a P/E/G ratio of 1.25 and a beta of 0.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The company has a 50 day moving average price of $32.26 and a two-hundred day moving average price of $31.15.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.78%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

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.