78,947 Shares in Omega Healthcare Investors, Inc. (NYSE:OHI) Acquired by Beck Capital Management LLC

Beck Capital Management LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 78,947 shares of the real estate investment trust’s stock, valued at approximately $3,213,000.

A number of other large investors also recently made changes to their positions in the business. Allworth Financial LP grew its position in shares of Omega Healthcare Investors by 12.0% in the third quarter. Allworth Financial LP now owns 2,276 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 244 shares during the period. Venturi Wealth Management LLC grew its holdings in Omega Healthcare Investors by 29.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,259 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 286 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in Omega Healthcare Investors by 3.7% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,206 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 290 shares during the period. NCP Inc. increased its stake in shares of Omega Healthcare Investors by 10.3% during the 2nd quarter. NCP Inc. now owns 3,310 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 310 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings 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 worth $40,000 after acquiring an additional 323 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on OHI shares. BMO Capital Markets upped their price target on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, October 7th. Royal Bank of Canada upped their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $43.00 target price (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Scotiabank upped their price target on 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. Finally, Truist Financial raised their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Omega Healthcare Investors Price Performance

OHI stock opened at $40.61 on Monday. The firm has a market cap of $10.96 billion, a P/E ratio of 29.86, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $44.42. The stock has a 50-day simple moving average of $40.61 and a 200-day simple moving average of $37.40.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid 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 6.60%. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

Insider Transactions at Omega Healthcare Investors

In related news, COO Daniel J. Booth sold 56,725 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 100,000 shares in the company, valued at approximately $4,025,000. The trade was a 36.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert O. Stephenson sold 22,542 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the sale, the chief financial officer now owns 183,076 shares of the company’s stock, valued at approximately $7,357,824.44. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

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.