Allianz Asset Management GmbH acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 67,987 shares of the real estate investment trust's stock, valued at approximately $2,589,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. J.W. Cole Advisors Inc. acquired a new stake in shares of Omega Healthcare Investors in the first quarter valued at approximately $959,000. Montag A & Associates Inc. lifted its stake in Omega Healthcare Investors by 101.8% during the 1st quarter. Montag A & Associates Inc. now owns 3,015 shares of the real estate investment trust's stock worth $115,000 after acquiring an additional 1,521 shares in the last quarter. IFP Advisors Inc increased its stake in Omega Healthcare Investors by 21.8% during the 1st quarter. IFP Advisors Inc now owns 105,545 shares of the real estate investment trust's stock worth $4,019,000 after buying an additional 18,905 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Omega Healthcare Investors by 42.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,303 shares of the real estate investment trust's stock worth $621,000 after purchasing an additional 4,868 shares during the period. Finally, Denali Advisors LLC lifted its stake in Omega Healthcare Investors by 1.4% in the first quarter. Denali Advisors LLC now owns 46,149 shares of the real estate investment trust's stock worth $1,757,000 after acquiring an additional 631 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.
Omega Healthcare Investors Stock Up 2.7%
NYSE OHI traded up $1.04 on Friday, reaching $39.94. The company had a trading volume of 3,298,422 shares, compared to its average volume of 2,074,650. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42. The firm has a market capitalization of $11.56 billion, a PE ratio of 24.65, a P/E/G ratio of 2.68 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58. The firm has a 50-day moving average of $37.36 and a 200-day moving average of $37.26.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 10.04% and a net margin of 42.23%. The business had revenue of $235.60 million during the quarter, compared to the consensus estimate of $248.49 million. During the same period last year, the firm earned $0.71 earnings per share. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.
Omega Healthcare Investors Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is 165.43%.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $41.00 in a report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Omega Healthcare Investors has a consensus rating of "Hold" and a consensus target price of $42.25.
Check Out Our Latest Report on Omega Healthcare Investors
Omega Healthcare Investors 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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