Burney Co. Buys New Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Burney Co. bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 279,276 shares of the real estate investment trust's stock, valued at approximately $10,635,000. Burney Co. owned approximately 0.10% of Omega Healthcare Investors at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OHI. NBC Securities Inc. acquired a new stake in Omega Healthcare Investors during the 1st quarter worth $29,000. Loomis Sayles & Co. L P grew its holdings 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 in the last quarter. Dunhill Financial LLC grew its holdings 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 worth $57,000 after purchasing an additional 750 shares during the period. CoreCap Advisors LLC lifted its position in 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 acquiring an additional 1,009 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter worth approximately $61,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Trading Up 0.3%

OHI stock traded up $0.11 during trading on Friday, reaching $39.11. The company had a trading volume of 1,419,786 shares, compared to its average volume of 2,092,123. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42. The company has a market cap of $11.32 billion, a P/E ratio of 24.29, a PEG ratio of 2.69 and a beta of 0.68. The business has a 50 day moving average of $37.14 and a 200 day moving average of $37.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The business had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. During the same period last year, the firm earned $0.68 earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 yield of 6.85%. Omega Healthcare Investors's payout ratio is 166.46%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company 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 currently has a consensus rating of "Hold" and a consensus price target of $42.25.

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.