Franklin Resources Inc. Grows Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Franklin Resources Inc. boosted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 441.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 429,993 shares of the real estate investment trust’s stock after purchasing an additional 350,570 shares during the period. Franklin Resources Inc. owned about 0.16% of Omega Healthcare Investors worth $17,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its stake in shares of Omega Healthcare Investors by 158.8% in the 3rd quarter. Tidal Investments LLC now owns 46,159 shares of the real estate investment trust’s stock valued at $1,879,000 after purchasing an additional 28,326 shares during the period. World Investment Advisors LLC purchased a new position in Omega Healthcare Investors in the third quarter valued at $220,000. Sanctuary Advisors LLC acquired a new position in shares of Omega Healthcare Investors in the third quarter worth about $332,000. Coldstream Capital Management Inc. raised its position in shares of Omega Healthcare Investors by 2.8% in the third quarter. Coldstream Capital Management Inc. now owns 62,955 shares of the real estate investment trust’s stock worth $2,562,000 after acquiring an additional 1,700 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Omega Healthcare Investors by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock worth $261,589,000 after acquiring an additional 192,465 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Omega Healthcare Investors

In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the sale, the chief financial officer now owns 183,076 shares in the company, valued at $7,357,824.44. The trade was a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Daniel J. Booth sold 56,725 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 100,000 shares in the company, valued at $4,025,000. This trade represents a 36.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OHI. Royal Bank of Canada lifted their price target 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. Truist Financial boosted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Berenberg Bank began coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They set a “buy” rating and a $45.00 target price on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Finally, Mizuho upped their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.18.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $37.83 on Friday. The company has a fifty day simple moving average of $40.26 and a 200-day simple moving average of $38.11. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.22 and a beta of 0.98. 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, Inc. has a 52-week low of $27.53 and a 52-week high of $44.42.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 annualized dividend and a yield of 7.08%. Omega Healthcare Investors’s dividend payout ratio is presently 197.06%.

About Omega Healthcare Investors

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.