Tallon Kerry Patrick Makes New Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Tallon Kerry Patrick acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,004 shares of the real estate investment trust's stock, valued at approximately $1,250,000. Omega Healthcare Investors accounts for 1.2% of Tallon Kerry Patrick's portfolio, making the stock its 26th largest holding.

Several other large investors have also made changes to their positions in the business. State Street Corp raised its position in Omega Healthcare Investors by 0.9% during the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock valued at $502,228,000 after acquiring an additional 114,085 shares in the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 192,465 shares during the period. FMR LLC raised its holdings in Omega Healthcare Investors by 9.9% in the 3rd quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust's stock worth $171,625,000 after purchasing an additional 380,626 shares during the period. Daiwa Securities Group Inc. boosted its position in Omega Healthcare Investors by 317.7% during the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust's stock worth $160,739,000 after purchasing an additional 3,003,845 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Omega Healthcare Investors by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust's stock valued at $155,893,000 after purchasing an additional 240,006 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Down 1.2 %

Omega Healthcare Investors stock traded down $0.45 during trading on Friday, reaching $37.39. 2,064,737 shares of the company were exchanged, compared to its average volume of 1,640,021. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The stock's 50 day simple moving average is $38.94 and its two-hundred day simple moving average is $38.76. The company has a market capitalization of $10.09 billion, a P/E ratio of 27.49, a PEG ratio of 1.08 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $44.42.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 197.06%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Mizuho increased their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Royal Bank of Canada lifted their target price 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. BMO Capital Markets upgraded 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. BNP Paribas upgraded Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $43.00 target price (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.10.

Omega Healthcare Investors Company Profile

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.