Cornerstone Select Advisors LLC Purchases New Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cornerstone Select Advisors LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,225 shares of the real estate investment trust's stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cresset Asset Management LLC acquired a new stake in Omega Healthcare Investors in the fourth quarter valued at $201,000. Cetera Investment Advisers grew its stake in Omega Healthcare Investors by 5.6% in the 4th quarter. Cetera Investment Advisers now owns 93,096 shares of the real estate investment trust's stock valued at $3,524,000 after acquiring an additional 4,943 shares during the last quarter. Centiva Capital LP purchased a new position in Omega Healthcare Investors during the 4th quarter valued at about $1,743,000. Bramshill Investments LLC acquired a new position in Omega Healthcare Investors during the fourth quarter worth about $656,000. Finally, Bridgefront Capital LLC lifted its holdings in shares of Omega Healthcare Investors by 116.4% in the fourth quarter. Bridgefront Capital LLC now owns 38,093 shares of the real estate investment trust's stock valued at $1,442,000 after purchasing an additional 20,487 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

OHI has been the subject of several research reports. Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. Truist Financial boosted their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Six research 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, the stock presently has an average rating of "Hold" and a consensus target price of $42.00.

Omega Healthcare Investors Trading Up 0.9 %

NYSE OHI traded up $0.31 during trading hours on Friday, hitting $35.86. 1,908,861 shares of the company's stock were exchanged, compared to its average volume of 1,926,813. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The firm has a market capitalization of $10.30 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The business's 50 day moving average is $37.50 and its 200-day moving average is $38.18. Omega Healthcare Investors, Inc. has a 12-month low of $30.48 and a 12-month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 net margin of 38.65% and a return on equity of 9.71%. Omega Healthcare Investors's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. As a group, analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors's payout ratio is currently 166.46%.

Omega Healthcare Investors 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.