Novem Group Makes New Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Novem Group bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,013 shares of the real estate investment trust's stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Johnson Investment Counsel Inc. lifted its holdings in shares of Omega Healthcare Investors by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust's stock valued at $498,000 after purchasing an additional 295 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 5.9% during the fourth quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 303 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Omega Healthcare Investors by 1.9% during the fourth quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust's stock valued at $612,000 after purchasing an additional 309 shares in the last quarter. Samalin Investment Counsel LLC lifted its holdings in shares of Omega Healthcare Investors by 1.5% during the fourth quarter. Samalin Investment Counsel LLC now owns 21,582 shares of the real estate investment trust's stock valued at $817,000 after purchasing an additional 314 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Omega Healthcare Investors by 27.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 319 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Down 1.2%

Omega Healthcare Investors stock opened at $36.01 on Friday. The stock has a market cap of $10.42 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. 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, Inc. has a one year low of $30.75 and a one year high of $44.42. The stock has a fifty day moving average of $37.40 and a 200 day moving average of $37.87.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Omega Healthcare Investors's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's payout ratio is 166.46%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Truist Financial upped their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $41.00 to $39.00 in a report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.