Lumature Wealth Partners LLC Has $279,000 Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

by · The Cerbat Gem

Lumature Wealth Partners LLC boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 37.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,100 shares of the real estate investment trust’s stock after purchasing an additional 2,500 shares during the quarter. Lumature Wealth Partners LLC’s holdings in Omega Healthcare Investors were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. LPL Financial LLC increased its holdings in Omega Healthcare Investors by 1.1% in the 1st quarter. LPL Financial LLC now owns 474,805 shares of the real estate investment trust’s stock valued at $13,014,000 after buying an additional 5,211 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Omega Healthcare Investors by 4.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 53,732 shares of the real estate investment trust’s stock valued at $1,649,000 after buying an additional 2,469 shares during the period. Moody National Bank Trust Division increased its holdings in Omega Healthcare Investors by 3.1% in the 2nd quarter. Moody National Bank Trust Division now owns 25,995 shares of the real estate investment trust’s stock valued at $798,000 after buying an additional 782 shares during the period. Daiwa Securities Group Inc. increased its holdings in Omega Healthcare Investors by 1.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 77,529 shares of the real estate investment trust’s stock valued at $2,379,000 after buying an additional 1,297 shares during the period. Finally, Cambria Investment Management L.P. increased its holdings in Omega Healthcare Investors by 16.7% in the 1st quarter. Cambria Investment Management L.P. now owns 11,025 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 1,575 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, October 10th. Jefferies Financial Group lifted their price target on shares of Omega Healthcare Investors from $28.00 to $33.00 in a report on Wednesday, September 20th. Mizuho raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $35.00 in a report on Friday, September 8th. StockNews.com raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Finally, Raymond James lifted their price target on shares of Omega Healthcare Investors from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.82.

View Our Latest Stock Report on Omega Healthcare Investors

Omega Healthcare Investors Trading Down 0.0 %

OHI opened at $30.53 on Friday. Omega Healthcare Investors, Inc. has a fifty-two week low of $25.61 and a fifty-two week high of $34.77. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.99 and a quick ratio of 6.99. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 31.80 and a beta of 0.93. The company’s 50 day moving average price is $32.42 and its two-hundred day moving average price is $31.74.

Omega Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 8.78%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, October 30th. Omega Healthcare Investors’s payout ratio is presently 279.17%.

Omega Healthcare Investors Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).