Greenfield Savings Bank Buys 2,798 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Greenfield Savings Bank boosted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 27.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,837 shares of the real estate investment trust’s stock after purchasing an additional 2,798 shares during the quarter. Greenfield Savings Bank’s holdings in Omega Healthcare Investors were worth $486,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brookstone Capital Management bought a new position in Omega Healthcare Investors in the fourth quarter valued at approximately $217,000. EWG Elevate Inc. acquired a new position in Omega Healthcare Investors in the 4th quarter worth $202,000. Graypoint LLC increased its holdings in Omega Healthcare Investors by 1.6% during the 4th quarter. Graypoint LLC now owns 73,312 shares of the real estate investment trust’s stock worth $2,775,000 after purchasing an additional 1,152 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Omega Healthcare Investors by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,975 shares of the real estate investment trust’s stock valued at $2,075,000 after purchasing an additional 325 shares during the period. Finally, Diversified Trust Co bought a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at about $248,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OHI. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 9th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $43.00 target price (up previously from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Mizuho boosted 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 report on Thursday, December 5th. Berenberg Bank initiated coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Royal Bank of Canada upped their target price 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. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and an average target price of $40.18.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $37.17 on Tuesday. 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 fifty-two week low of $27.53 and a fifty-two week high of $44.42. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.22 and a beta of 0.99. The stock has a fifty day moving average price of $39.11 and a 200-day moving average price of $38.75.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.67 per share. The ex-dividend date was Monday, November 4th. This represents a $2.68 annualized dividend and a dividend yield of 7.21%. Omega Healthcare Investors’s dividend payout ratio is 197.06%.

About Omega Healthcare Investors

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.