Bank of New York Mellon Corp Acquires 188,481 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Bank of New York Mellon Corp raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,123,152 shares of the real estate investment trust's stock after purchasing an additional 188,481 shares during the period. Bank of New York Mellon Corp owned 1.09% of Omega Healthcare Investors worth $118,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at about $29,000. Loomis Sayles & Co. L P increased its stake in shares of Omega Healthcare Investors by 27.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 319 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Omega Healthcare Investors by 97.9% in the 4th 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 increased its stake 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 valued at $60,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $61,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on OHI shares. Truist Financial upped their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Wells Fargo & Company lowered their price target on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.88.

Omega Healthcare Investors Stock Up 2.3%

NYSE OHI traded up $0.85 during trading hours on Friday, reaching $37.50. 3,535,181 shares of the company's stock were exchanged, compared to its average volume of 2,111,341. The company's 50-day moving average is $36.67 and its two-hundred day moving average is $37.16. Omega Healthcare Investors, Inc. has a one year low of $34.35 and a one year high of $44.42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million during the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. Omega Healthcare Investors's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. On average, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.15%. Omega Healthcare Investors's dividend payout ratio is currently 166.46%.

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.