J.W. Cole Advisors Inc. Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

J.W. Cole Advisors Inc. purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,186 shares of the real estate investment trust's stock, valued at approximately $959,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 valued at $1,440,646,000 after purchasing an additional 1,809,519 shares during the last quarter. Cohen & Steers Inc. lifted its position in Omega Healthcare Investors by 50.8% in the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after purchasing an additional 8,837,218 shares during the last quarter. Geode Capital Management LLC lifted its position in Omega Healthcare Investors by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock valued at $262,329,000 after purchasing an additional 503,190 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Omega Healthcare Investors by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,892,553 shares of the real estate investment trust's stock valued at $147,331,000 after purchasing an additional 111,474 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock valued at $123,951,000 after purchasing an additional 1,083,326 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company upgraded 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 report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $42.25.

Omega Healthcare Investors Price Performance

Shares of OHI traded down $0.24 during mid-day trading on Monday, hitting $38.88. The company's stock had a trading volume of 238,363 shares, compared to its average volume of 2,399,722. The firm has a 50-day moving average price of $37.14 and a 200 day moving average price of $37.19. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.70 and a beta of 0.68. 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, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $44.42.

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

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.89%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 166.46%.

Omega Healthcare Investors Company 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.