JPMorgan Chase & Co. Boosts Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

JPMorgan Chase & Co. grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,995,825 shares of the real estate investment trust's stock after acquiring an additional 103,010 shares during the quarter. JPMorgan Chase & Co. owned 0.74% of Omega Healthcare Investors worth $81,230,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its stake in Omega Healthcare Investors by 2.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,450 shares of the real estate investment trust's stock worth $1,544,000 after purchasing an additional 934 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in Omega Healthcare Investors during the 3rd quarter valued at approximately $228,000. Retirement Systems of Alabama raised its holdings in shares of Omega Healthcare Investors by 2.7% in the third quarter. Retirement Systems of Alabama now owns 313,212 shares of the real estate investment trust's stock worth $12,748,000 after buying an additional 8,231 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Omega Healthcare Investors by 441.4% during the third quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust's stock worth $17,177,000 after buying an additional 350,570 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Omega Healthcare Investors by 158.8% during the third quarter. Tidal Investments LLC now owns 46,159 shares of the real estate investment trust's stock valued at $1,879,000 after buying an additional 28,326 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Shares of OHI traded up $0.46 during trading hours on Friday, hitting $38.33. The stock had a trading volume of 1,255,161 shares, compared to its average volume of 1,610,380. The firm has a 50-day moving average price of $39.62 and a 200 day moving average price of $38.50. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $44.42. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.22 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.67 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.99%. Omega Healthcare Investors's payout ratio is 197.06%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OHI. Mizuho raised their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. BNP Paribas upgraded Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Thursday, October 31st. Berenberg Bank started coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They issued a "buy" rating and a $45.00 target price on the stock. Wells Fargo & Company reissued an "overweight" rating and set a $43.00 price target (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada lifted their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.18.

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.