Caisse DE Depot ET Placement DU Quebec Purchases New Shares in Omega Healthcare Investors, Inc. (NYSE:OHI)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 520,646 shares of the real estate investment trust's stock, valued at approximately $19,706,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.19% of Omega Healthcare Investors at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth $26,000. Grove Bank & Trust acquired a new position in Omega Healthcare Investors during the 4th quarter worth $30,000. Kentucky Trust Co purchased a new stake in Omega Healthcare Investors during the 4th quarter worth about $38,000. UMB Bank n.a. increased its holdings in Omega Healthcare Investors by 68.6% during the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 454 shares during the period. Finally, V Square Quantitative Management LLC raised its position in Omega Healthcare Investors by 44.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Down 2.3 %

Shares of NYSE:OHI traded down $0.85 during trading on Monday, hitting $36.17. 3,217,152 shares of the company were exchanged, compared to its average volume of 1,893,856. The firm's 50 day moving average price is $37.61 and its 200-day moving average price is $38.30. Omega Healthcare Investors, Inc. has a 12-month low of $30.48 and a 12-month high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The stock has a market capitalization of $10.39 billion, a P/E ratio of 23.34, a PEG ratio of 1.09 and a beta of 0.75.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $236.61 million. During the same period in the previous year, the company earned $0.68 earnings per share. Omega Healthcare Investors's quarterly revenue was up 13.8% compared to the same quarter last year. On average, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.41%. Omega Healthcare Investors's dividend payout ratio is presently 172.90%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OHI. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Finally, JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $42.00.

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.