Cornerstone Enterprises LLC lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 6.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 135,830 shares of the real estate investment trust's stock after purchasing an additional 7,652 shares during the quarter. Omega Healthcare Investors accounts for about 3.2% of Cornerstone Enterprises LLC's investment portfolio, making the stock its 10th largest holding. Cornerstone Enterprises LLC's holdings in Omega Healthcare Investors were worth $5,172,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Cohen & Steers Inc. increased its position in shares of Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock worth $992,467,000 after acquiring an additional 8,837,218 shares in the last quarter. Norges Bank purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at approximately $110,160,000. Vanguard Group Inc. boosted its stake in Omega Healthcare Investors by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after purchasing an additional 1,809,519 shares during the period. Northern Trust Corp grew its position in Omega Healthcare Investors by 49.4% during the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after purchasing an additional 1,083,326 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock worth $183,205,000 after purchasing an additional 890,912 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.
Omega Healthcare Investors Stock Down 0.5%
Shares of Omega Healthcare Investors stock traded down $0.18 on Friday, hitting $36.58. 3,762,601 shares of the company traded hands, compared to its average volume of 2,077,984. Omega Healthcare Investors, Inc. has a 12-month low of $33.43 and a 12-month high of $44.42. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.90. The company has a market cap of $10.58 billion, a PE ratio of 22.72, a PEG ratio of 2.16 and a beta of 0.69. The company has a 50-day moving average price of $37.00 and a 200 day moving average price of $37.31.
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 EPS for the quarter, meeting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The firm had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business's quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.
Omega Healthcare Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's payout ratio is presently 166.46%.
Analysts Set New Price Targets
Several brokerages have recently commented on OHI. Truist Financial raised their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company decreased their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Omega Healthcare Investors presently has a consensus rating of "Hold" and an average price target of $41.88.
Check Out Our Latest Report on OHI
Omega Healthcare Investors Company 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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