Arkadios Wealth Advisors Buys Shares of 8,991 Omega Healthcare Investors, Inc. (NYSE:OHI)

Arkadios Wealth Advisors acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 8,991 shares of the real estate investment trust's stock, valued at approximately $342,000.

A number of other hedge funds have also modified their holdings of OHI. NBC Securities Inc. purchased a new stake in Omega Healthcare Investors in the 1st quarter worth $29,000. Dunhill Financial LLC increased its position in 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 valued at $57,000 after acquiring an additional 750 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Omega Healthcare Investors by 177.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 1,009 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Omega Healthcare Investors during the 4th quarter worth about $61,000. Finally, UMB Bank n.a. grew its holdings in Omega Healthcare Investors by 94.9% during the 1st quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 1,059 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Up 0.6%

Omega Healthcare Investors stock opened at $40.03 on Wednesday. The company has a quick ratio of 6.58, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The firm has a market cap of $11.58 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.75 and a beta of 0.66. The business has a fifty day moving average of $37.50 and a two-hundred day moving average of $37.29. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%. The firm had revenue of $235.60 million during the quarter, compared to analysts' expectations of $248.49 million. During the same period in the prior year, the business posted $0.71 EPS. The firm's quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.7%. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $38.00 to $41.00 in a research note on Monday, July 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $42.25.

About Omega Healthcare Investors

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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