Cohen & Steers Inc. lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 50.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,222,898 shares of the real estate investment trust's stock after acquiring an additional 8,837,218 shares during the quarter. Omega Healthcare Investors accounts for approximately 1.9% of Cohen & Steers Inc.'s portfolio, making the stock its 18th largest holding. Cohen & Steers Inc. owned about 9.71% of Omega Healthcare Investors worth $992,467,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Omega Healthcare Investors by 291.4% in the third quarter. Wellington Management Group LLP now owns 291,682 shares of the real estate investment trust's stock valued at $11,871,000 after buying an additional 217,168 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Omega Healthcare Investors by 17.7% during the 3rd quarter. MML Investors Services LLC now owns 30,455 shares of the real estate investment trust's stock worth $1,240,000 after purchasing an additional 4,576 shares during the period. M&T Bank Corp lifted its stake in shares of Omega Healthcare Investors by 1.2% in the third quarter. M&T Bank Corp now owns 29,784 shares of the real estate investment trust's stock valued at $1,212,000 after purchasing an additional 367 shares during the period. Geode Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 3.1% in the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust's stock valued at $261,589,000 after purchasing an additional 192,465 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Omega Healthcare Investors during the third quarter worth about $332,000. 65.25% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors Price Performance
Shares of OHI traded up $0.24 during trading hours on Friday, reaching $38.54. 2,136,401 shares of the company traded hands, compared to its average volume of 1,848,923. The stock has a market capitalization of $10.86 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The stock has a fifty day simple moving average of $37.24 and a 200 day simple moving average of $38.49. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two 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 released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.
Omega Healthcare Investors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors's payout ratio is 172.90%.
Wall Street Analyst Weigh In
OHI has been the subject of a number of research reports. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $41.00 to $39.00 in a research report 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 restated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average price target of $42.00.
Read Our Latest Analysis on OHI
Omega Healthcare Investors Company Profile
(
Free Report)
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.
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