Slagle Financial LLC Grows Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Slagle Financial LLC increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 102.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,586 shares of the real estate investment trust's stock after buying an additional 47,785 shares during the quarter. Slagle Financial LLC's holdings in Omega Healthcare Investors were worth $2,900,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OHI. Norges Bank purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at $61,698,000. FMR LLC grew its holdings in shares of Omega Healthcare Investors by 96.5% during the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust's stock valued at $98,908,000 after buying an additional 1,464,693 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Omega Healthcare Investors by 2,444.9% during the third quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust's stock valued at $37,409,000 after buying an additional 1,083,816 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Omega Healthcare Investors by 3.0% during the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust's stock valued at $1,156,219,000 after buying an additional 1,003,927 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in shares of Omega Healthcare Investors by 36.6% during the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust's stock valued at $109,924,000 after buying an additional 960,997 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

Shares of OHI traded up $0.14 during mid-day trading on Monday, hitting $32.51. 960,826 shares of the company were exchanged, compared to its average volume of 1,687,961. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $34.77. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The company has a 50 day moving average of $31.20 and a 200-day moving average of $30.82. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.67 per share. The ex-dividend date was Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.24%. Omega Healthcare Investors's payout ratio is currently 241.44%.

Analysts Set New Price Targets

Several research firms have commented on OHI. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $31.00 to $35.00 in a report on Monday, February 26th. Citigroup raised shares of Omega Healthcare Investors from a "neutral" rating to a "buy" rating and upped their price target for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Truist Financial upped their price target on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $33.63.

Omega Healthcare Investors 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.