Adelante Capital Management LLC Grows Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Adelante Capital Management LLC increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 67.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,626 shares of the real estate investment trust's stock after acquiring an additional 177,007 shares during the quarter. Omega Healthcare Investors comprises about 1.1% of Adelante Capital Management LLC's investment portfolio, making the stock its 25th biggest holding. Adelante Capital Management LLC owned about 0.16% of Omega Healthcare Investors worth $16,602,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Utah Retirement Systems increased its stake in Omega Healthcare Investors by 10.1% during the 4th quarter. Utah Retirement Systems now owns 44,760 shares of the real estate investment trust's stock valued at $1,694,000 after purchasing an additional 4,100 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Omega Healthcare Investors by 724.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 331,859 shares of the real estate investment trust's stock valued at $12,561,000 after buying an additional 291,631 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $300,000. Northern Trust Corp raised its holdings in Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after acquiring an additional 1,083,326 shares during the last quarter. Finally, Quarry LP lifted its position in Omega Healthcare Investors by 55.8% in the 4th quarter. Quarry LP now owns 2,689 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 963 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OHI. Wells Fargo & Company cut Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial boosted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors currently has an average rating of "Hold" and a consensus price target of $42.00.

Omega Healthcare Investors Stock Performance

NYSE:OHI traded down $1.43 on Friday, hitting $37.13. The stock had a trading volume of 4,914,027 shares, compared to its average volume of 1,890,862. The business's 50-day simple moving average is $37.62 and its two-hundred day simple moving average is $38.37. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a 52-week low of $30.46 and a 52-week high of $44.42. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The firm had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. During the same quarter in the prior year, the business earned $0.68 EPS. The business's quarterly revenue was up 13.8% on a year-over-year basis. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $0.67 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.22%. Omega Healthcare Investors's dividend payout ratio (DPR) is 172.90%.

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.