Millennium Management LLC Boosts Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Millennium Management LLC raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 573.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 272,946 shares of the real estate investment trust's stock after acquiring an additional 232,424 shares during the quarter. Millennium Management LLC owned approximately 0.10% of Omega Healthcare Investors worth $10,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at $1,250,000. UMB Bank n.a. boosted its stake in shares of Omega Healthcare Investors by 68.6% in the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 454 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Omega Healthcare Investors by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,802 shares of the real estate investment trust's stock valued at $1,242,000 after purchasing an additional 1,309 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Omega Healthcare Investors by 2.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 19,115 shares of the real estate investment trust's stock valued at $724,000 after purchasing an additional 427 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Omega Healthcare Investors by 18.3% in the 4th quarter. Fifth Third Bancorp now owns 16,900 shares of the real estate investment trust's stock valued at $640,000 after purchasing an additional 2,618 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

NYSE OHI remained flat at $36.54 on Thursday. 170,704 shares of the company traded hands, compared to its average volume of 2,368,218. The stock has a market capitalization of $10.57 billion, a P/E ratio of 23.57, a PEG ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $44.42. The stock's 50 day moving average is $37.29 and its two-hundred day moving average is $37.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 38.65% and a return on equity of 9.71%. Omega Healthcare Investors's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial upped their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $42.00.

About Omega Healthcare Investors

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.