Mitsubishi UFJ Asset Management Co. Ltd. Buys 16,247 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Mitsubishi UFJ Asset Management increased its holdings in Omega Healthcare Investors, Inc. by 9.1%, acquiring an additional 16,247 shares, totaling approximately $7.4 million in value.
• Several hedge funds, including Optimum Investment Advisors and Bessemer Group Inc., also raised their positions in Omega Healthcare during the first and fourth quarters, indicating growing institutional interest.
• Omega Healthcare Investors declared a quarterly dividend of $0.67 per share, yielding 6.7%, with a payout ratio of 165.43% as investors continue to receive solid returns amidst fluctuating revenue.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,888 shares of the real estate investment trust's stock after buying an additional 16,247 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Omega Healthcare Investors worth $7,421,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of Omega Healthcare Investors by 3.0% in the fourth quarter. Wells Fargo & Company MN now owns 475,922 shares of the real estate investment trust's stock valued at $18,014,000 after purchasing an additional 14,068 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Omega Healthcare Investors by 12.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 290,576 shares of the real estate investment trust's stock valued at $10,998,000 after buying an additional 32,721 shares during the last quarter. Bank of Nova Scotia lifted its stake in Omega Healthcare Investors by 5.0% during the 4th quarter. Bank of Nova Scotia now owns 9,170 shares of the real estate investment trust's stock valued at $347,000 after acquiring an additional 440 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Omega Healthcare Investors during the 4th quarter worth $20,058,000. Finally, Bessemer Group Inc. boosted its holdings in Omega Healthcare Investors by 5.9% during the 4th quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Up 0.3%

Shares of NYSE:OHI traded up $0.14 during midday trading on Friday, reaching $40.98. The company's stock had a trading volume of 2,151,754 shares, compared to its average volume of 2,219,108. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42. The firm has a market capitalization of $12.09 billion, a P/E ratio of 25.30, a PEG ratio of 2.82 and a beta of 0.66. The firm has a 50 day moving average of $38.03 and a 200-day moving average of $37.45. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.45 by $0.32. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. Omega Healthcare Investors's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. On average, research analysts anticipate 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 Friday, August 15th. Shareholders of record on Monday, August 4th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 165.43%.

Insider Transactions at Omega Healthcare Investors

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the completion of the sale, the director directly owned 18,654 shares in the company, valued at approximately $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OHI shares. Royal Bank Of Canada boosted their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $38.00 to $41.00 in a research note on Monday, July 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average 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.