LPL Financial LLC Acquires 25,199 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

LPL Financial LLC boosted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 506,080 shares of the real estate investment trust's stock after purchasing an additional 25,199 shares during the quarter. LPL Financial LLC owned about 0.18% of Omega Healthcare Investors worth $19,272,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. PFG Investments LLC lifted its position in Omega Healthcare Investors by 20.4% during the 1st quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock worth $2,695,000 after buying an additional 11,970 shares in the last quarter. Advisors Capital Management LLC raised its holdings in Omega Healthcare Investors by 4.3% during the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock worth $28,836,000 after acquiring an additional 31,072 shares in the last quarter. Columbus Macro LLC acquired a new position in Omega Healthcare Investors during the first quarter valued at approximately $6,353,000. GAMMA Investing LLC raised its stake in shares of Omega Healthcare Investors by 4,248.2% during the 1st quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock worth $6,630,000 after purchasing an additional 170,098 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Omega Healthcare Investors by 2,777.6% during the fourth quarter. Two Sigma Advisers LP now owns 333,800 shares of the real estate investment trust's stock worth $12,634,000 after buying an additional 322,200 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Trading Up 0.8%

Shares of Omega Healthcare Investors stock traded up $0.33 on Wednesday, hitting $40.33. The stock had a trading volume of 2,453,854 shares, compared to its average volume of 2,417,486. The stock has a 50 day moving average of $37.50 and a 200 day moving average of $37.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 6.58 and a current ratio of 7.10. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The firm has a market capitalization of $11.67 billion, a P/E ratio of 24.90, a PEG ratio of 2.75 and a beta of 0.66.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%. The firm had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business's revenue was up 11.8% on a year-over-year basis. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.68 annualized dividend and a yield of 6.6%. Omega Healthcare Investors's dividend payout ratio is currently 165.43%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $41.00 in a research note on Monday, July 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $42.25.

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.