Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,273 shares of the real estate investment trust’s stock after purchasing an additional 3,041 shares during the quarter. Advisors Asset Management Inc.’s holdings in Omega Healthcare Investors were worth $4,814,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in OHI. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Omega Healthcare Investors by 1.5% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,719 shares of the real estate investment trust’s stock worth $1,232,000 after buying an additional 573 shares during the period. Covestor Ltd increased its stake in shares of Omega Healthcare Investors by 47.6% during the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 431 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Omega Healthcare Investors by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 461,006 shares of the real estate investment trust’s stock worth $14,587,000 after buying an additional 16,703 shares during the period. CreativeOne Wealth LLC increased its stake in shares of Omega Healthcare Investors by 44.4% during the first quarter. CreativeOne Wealth LLC now owns 9,662 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 2,969 shares during the period. Finally, Epoch Investment Partners Inc. purchased a new stake in shares of Omega Healthcare Investors during the first quarter worth approximately $206,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $40.17 on Friday. 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 firm has a market cap of $10.84 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99. The company’s 50 day simple moving average is $40.64 and its 200-day simple moving average is $36.88. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $44.42.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.67%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 197.06%.

Insider Buying and Selling

In related news, CFO Robert O. Stephenson sold 22,542 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the sale, the chief financial officer now directly owns 183,076 shares of the company’s stock, valued at $7,357,824.44. This trade represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Daniel J. Booth sold 56,725 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the sale, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $4,025,000. This represents a 36.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OHI. Scotiabank upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. BMO Capital Markets increased their price target on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, October 7th. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, October 31st. Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price target for the company from $34.00 to $35.00 in a research note on Thursday, July 25th. Finally, Royal Bank of Canada increased their price target 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.00.

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.