International Assets Investment Management LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,340 shares of the real estate investment trust's stock, valued at approximately $394,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. bought a new position in shares of Omega Healthcare Investors in the 1st quarter worth about $29,000. Loomis Sayles & Co. L P lifted its holdings in Omega Healthcare Investors by 27.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 319 shares during the last quarter. Dunhill Financial LLC lifted its holdings in Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 750 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Omega Healthcare Investors by 177.3% in the fourth 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 period. Finally, Park Square Financial Group LLC bought a new position in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $61,000. 65.25% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on OHI shares. Truist Financial raised their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Wells Fargo & Company cut their target price on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $41.88.
Read Our Latest Analysis on Omega Healthcare Investors
Omega Healthcare Investors Stock Performance
OHI traded up $0.05 during trading hours on Monday, hitting $36.63. The company's stock had a trading volume of 1,625,718 shares, compared to its average volume of 2,074,170. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90. Omega Healthcare Investors, Inc. has a fifty-two week low of $33.43 and a fifty-two week high of $44.42. The company has a 50-day simple moving average of $36.93 and a 200 day simple moving average of $37.25. The firm has a market capitalization of $10.60 billion, a PE ratio of 22.75, a PEG ratio of 2.15 and a beta of 0.69.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly 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. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Monday, May 5th were given a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.32%. Omega Healthcare Investors's dividend payout ratio (DPR) is 166.46%.
About Omega Healthcare Investors
(
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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