Cornerstone Select Advisors LLC Invests $690,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cornerstone Select Advisors LLC acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,225 shares of the real estate investment trust's stock, valued at approximately $690,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stonebridge Financial Group LLC bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $26,000. Grove Bank & Trust bought a new position in Omega Healthcare Investors during the 4th quarter worth $30,000. Kentucky Trust Co bought a new position in Omega Healthcare Investors during the 4th quarter worth $38,000. UMB Bank n.a. increased its stake 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 acquiring an additional 454 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Omega Healthcare Investors by 44.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 434 shares during the period. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

OHI stock traded down $0.09 during mid-day trading on Monday, reaching $35.77. 596,835 shares of the company traded hands, compared to its average volume of 1,924,488. The company has a market capitalization of $10.35 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.09 and a beta of 0.73. 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 company has a fifty day moving average price of $37.50 and a 200-day moving average price of $38.14. Omega Healthcare Investors, Inc. has a 52-week low of $30.48 and a 52-week high of $44.42.

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

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.49%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Analyst Ratings Changes

A number of equities analysts have commented on OHI shares. Wells Fargo & Company lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial raised their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Finally, JMP Securities reissued 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 issued a buy rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors presently has an average rating of "Hold" and an average target price of $42.00.

Omega Healthcare Investors Company Profile

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.