Sonora Investment Management Group LLC Buys Shares of 7,040 Omega Healthcare Investors, Inc. (NYSE:OHI)

Sonora Investment Management Group LLC purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,040 shares of the real estate investment trust's stock, valued at approximately $266,000.

Several other institutional investors have also recently made changes to their positions in OHI. Geode Capital Management LLC raised its position 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 valued at $261,589,000 after buying an additional 192,465 shares in the last quarter. State Street Corp grew its holdings in shares of Omega Healthcare Investors by 0.9% during the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock valued at $502,228,000 after purchasing an additional 114,085 shares during the last quarter. Assetmark Inc. raised its position in Omega Healthcare Investors by 1.7% in the 3rd quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust's stock worth $48,492,000 after purchasing an additional 19,542 shares during the period. Post Resch Tallon Group Inc. bought a new stake in Omega Healthcare Investors in the fourth quarter worth $1,250,000. Finally, BNP Paribas Financial Markets boosted its position in Omega Healthcare Investors by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 226,338 shares of the real estate investment trust's stock valued at $9,212,000 after buying an additional 123,836 shares during the period. Institutional investors own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They issued a "buy" rating and a $45.00 target price on the stock. BMO Capital Markets raised shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Monday, December 9th. Royal Bank of Canada boosted 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 report on Monday, November 11th. Finally, BNP Paribas upgraded shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors currently has an average rating of "Moderate Buy" and a consensus price target of $41.67.

Omega Healthcare Investors Stock Down 0.8 %

OHI traded down $0.32 during trading on Tuesday, reaching $37.57. The stock had a trading volume of 1,062,959 shares, compared to its average volume of 1,774,842. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.08 and a beta of 0.99. The stock's 50 day moving average is $38.26 and its two-hundred day moving average is $39.05. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $44.42.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.13%. Omega Healthcare Investors's payout ratio is currently 197.06%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.