Ensign Peak Advisors Inc Buys 39,704 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Ensign Peak Advisors Inc raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 50.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,273 shares of the real estate investment trust's stock after buying an additional 39,704 shares during the quarter. Ensign Peak Advisors Inc's holdings in Omega Healthcare Investors were worth $4,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Ethic Inc. acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $446,000. Dunhill Financial LLC raised its position in shares of Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 750 shares during the period. CoreCap Advisors LLC raised its position in shares of Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,009 shares during the period. Cornerstone Select Advisors LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $690,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Up 1.8%

Omega Healthcare Investors stock traded up $0.67 during midday trading on Friday, reaching $37.02. The stock had a trading volume of 1,925,492 shares, compared to its average volume of 1,956,757. The firm's fifty day simple moving average is $37.43 and its 200-day simple moving average is $37.97. Omega Healthcare Investors, Inc. has a 1-year low of $30.56 and a 1-year high of $44.42. The stock has a market capitalization of $10.71 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted 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. 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% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. As a group, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.24%. Omega Healthcare Investors's dividend payout ratio is 166.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Truist Financial raised their price target 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. Wells Fargo & Company lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six research 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 has an average rating of "Hold" and a consensus price target 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.