International Assets Investment Management LLC Invests $394,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

International Assets Investment Management LLC bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,340 shares of the real estate investment trust's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp raised its position in shares of Omega Healthcare Investors by 1.7% in the fourth quarter. Truist Financial Corp now owns 22,449 shares of the real estate investment trust's stock valued at $850,000 after purchasing an additional 375 shares during the period. New York State Common Retirement Fund raised its position in shares of Omega Healthcare Investors by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 190,782 shares of the real estate investment trust's stock valued at $7,221,000 after purchasing an additional 3,000 shares during the period. Amalgamated Bank raised its position in shares of Omega Healthcare Investors by 4.7% in the fourth quarter. Amalgamated Bank now owns 128,097 shares of the real estate investment trust's stock valued at $4,848,000 after purchasing an additional 5,696 shares during the period. Denali Advisors LLC raised its position in shares of Omega Healthcare Investors by 16.2% in the fourth quarter. Denali Advisors LLC now owns 45,518 shares of the real estate investment trust's stock valued at $1,723,000 after purchasing an additional 6,362 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in shares of Omega Healthcare Investors by 5.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 9,934 shares of the real estate investment trust's stock valued at $376,000 after purchasing an additional 543 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded down $0.18 during midday trading on Friday, reaching $36.58. 3,762,601 shares of the stock were exchanged, compared to its average volume of 2,077,980. The company's fifty day moving average is $37.00 and its 200-day moving average is $37.31. 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 firm 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. Omega Healthcare Investors, Inc. has a 52 week low of $33.43 and a 52 week high of $44.42.

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 for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. Omega Healthcare Investors's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Wall Street Analyst Weigh In

OHI has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $41.88.

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.