Citigroup Inc. increased its stake in Omega Healthcare Investors (NYSE:OHI) by 8% in the third quarter, acquiring an additional 34,800 shares to own a total of 470,672 shares valued at approximately $19.87 million. The real estate investment trust (REIT) recently paid a quarterly dividend of $0.67 per share, offering an annualized yield of 5.6%, though its payout ratio is high at 138.86%. Analysts currently maintain a “Moderate Buy” rating for OHI with a consensus price target of $47.36, while the stock opened at $48.10, near its 12-month high.
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Citigroup Inc. Purchases 34,800 Shares of Omega Healthcare Investors, Inc. $OHI
Citigroup Inc. increased its stake in Omega Healthcare Investors (NYSE:OHI) by 8% in the third quarter, acquiring an additional 34,800 shares to own a total of 470,672 shares valued at approximately $19.87 million. The real estate investment trust (REIT) recently paid a quarterly dividend of $0.67 per share, offering an annualized yield of 5.6%, though its payout ratio is high at 138.86%. Analysts currently maintain a “Moderate Buy” rating for OHI with a consensus price target of $47.36, while the stock opened at $48.10, near its 12-month high.