Ethic Inc. Buys Shares of 11,788 Omega Healthcare Investors, Inc. (NYSE:OHI)

Ethic Inc. bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,788 shares of the real estate investment trust's stock, valued at approximately $446,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter worth approximately $26,000. Grove Bank & Trust purchased a new stake in Omega Healthcare Investors during the 4th quarter valued at $30,000. Kentucky Trust Co purchased a new stake in Omega Healthcare Investors during the 4th quarter valued at $38,000. UMB Bank n.a. boosted 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 valued at $42,000 after purchasing an additional 454 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted 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 valued at $53,000 after purchasing an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

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

Omega Healthcare Investors Price Performance

NYSE:OHI traded up $0.40 on Monday, reaching $37.43. 2,706,130 shares of the company's stock traded hands, compared to its average volume of 1,959,753. Omega Healthcare Investors, Inc. has a 12 month low of $30.56 and a 12 month 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. The stock has a 50-day simple moving average of $37.43 and a 200-day simple moving average of $37.93. The firm has a market cap of $10.83 billion, a PE ratio of 24.15, a P/E/G ratio of 1.09 and a beta of 0.73.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The firm had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.16%. Omega Healthcare Investors's dividend 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.