Tallon Kerry Patrick Invests $1.25 Million in Omega Healthcare Investors, Inc. (NYSE:OHI)

Tallon Kerry Patrick bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, Holdings Channel.com reports. The fund bought 33,004 shares of the real estate investment trust’s stock, valued at approximately $1,250,000. Omega Healthcare Investors accounts for about 1.2% of Tallon Kerry Patrick’s portfolio, making the stock its 26th largest holding.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its position in shares of Omega Healthcare Investors by 353.4% during the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 516 shares during the last quarter. Dunhill Financial LLC bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at about $31,000. True Wealth Design LLC bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at about $31,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at about $33,000. Finally, V Square Quantitative Management LLC grew its position in shares of Omega Healthcare Investors by 49.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 323 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 1.3 %

Omega Healthcare Investors stock opened at $37.86 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The firm has a market cap of $10.22 billion, a PE ratio of 27.84, a P/E/G ratio of 1.08 and a beta of 0.99. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $44.42. The firm’s 50 day moving average price is $38.94 and its two-hundred day moving average price is $38.76.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.08%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio is 197.06%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OHI shares. Wells Fargo & Company reissued an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Royal Bank of Canada boosted 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 note on Monday, November 11th. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price target for the company. Mizuho upped their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, 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 note on Monday, December 9th. Five research 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, the company presently has an average rating of “Moderate Buy” and an average 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.