First Republic Investment Management Inc. increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating ) by 34.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). . The fund owned 680,817 shares of the real estate investment trust’s stock after acquiring an additional 173,820 shares during the period. First Republic Investment Management Inc. owned about 0.29% of Omega Healthcare Investors worth $20,077,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold stakes in the stock. State Street Corp raised its position in Omega Healthcare Investors by 14.8% during the first quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock valued at $414,443,000 after acquiring an additional 1,715,004 shares in the last quarter. Federated Hermes Inc. raised its stake in Omega Healthcare Investors by 3.6% in the second quarter. Federated Hermes Inc. now owns 2,573,257 shares of the real estate investment trust’s stock valued at $72,540,000 after purchasing an additional 90,293 shares during the period. Legal & General Group Plc boosted its stake in Omega Healthcare Investors by 3.1% in the second quarter. Legal & General Group Plc now owns 1,803,170 shares of the real estate investment trust’s stock valued at $50,832,000 after buying an additional 54,561 shares during the period. Invesco Ltd. raised its stake in Omega Healthcare Investors by 39.4% during the first quarter. Invesco Ltd. now owns 1,733,619 shares of the real estate investment trust’s stock valued at $54,019,000 after buying an additional 489,972 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in Omega Healthcare Investors by 34.5% in the first quarter. Centersquare Investment Management LLC now owns 1,706,007 shares of the real estate investment trust’s stock valued at $53,158,000 after buying an additional 437,240 shares during the period. 63.58% of the shares are owned by hedge funds and other institutional investors.
Analysts set new price targets
A number of analysts have commented on OHI shares. Robert W. Baird decreased their price objective on shares of Omega Healthcare Investors from $32.00 to $29.00 in a research note on Friday, January 13th. Raymond James boosted their target price on shares of Omega Healthcare Investors from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 9th. Bank of America lowered shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $33.00 in a research note on Monday, November 14th. StockNews.com assumed coverage on shares of Omega Healthcare Investors in a research note on Wednesday, October 12th. They assign a “hold” rating to the stock. Finally, Credit Suisse Group lowered shares of Omega Healthcare Investors from a “neutral” rating to an “underperform” rating and set a $25.00 target price on the stock. in a research note on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.89, according to MarketBeat.com.
Omega Healthcare Investors trade up 0.5%
Shares of OHI stock opened at $28.83 on Wednesday. Omega Healthcare Investors, Inc. has a twelve month low of $24.81 and a twelve month high of $33.71. The firm has a market cap of $6.75 billion, a P/E ratio of 16.57 and a beta of 0.99. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.36. The firm’s 50-day moving average is $28.98, and its two-hundred-day moving average is $30.50.
Omega Healthcare Investor Profile
Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living. Its portfolio of assets is managed by a diverse group of healthcare companies, primarily in a triple net lease structure. Assets cover all regions in the US as well as the UK.
Want to see what other hedge funds hold OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating).
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Omega Healthcare Investors, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes a nosedive … and Omega Healthcare Investors wasn’t on the list.
While Omega Healthcare Investors currently has a “Hold” rating among analysts, the top-rated analysts think these five stocks are better buys.
Check out the five stocks here
20 shares for sale now
MarketBeat just published its list of 20 stocks that Wall Street analysts hatred. These companies may appear to have good fundamentals, but the best analysts smell something seriously rotten. Are there any of these companies lurking around your portfolio? Find out by entering your email address below.
Get this free report