Illinois Municipal Retirement Fund Increases Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Illinois Municipal Retirement Fund lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 37.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,729 shares of the real estate investment trust's stock after buying an additional 10,058 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Omega Healthcare Investors were worth $1,399,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at about $29,000. Loomis Sayles & Co. L P increased its holdings in shares of Omega Healthcare Investors by 27.6% in 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 during the last quarter. Dunhill Financial LLC lifted its position in Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after buying an additional 750 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,009 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at $61,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Down 0.5%

Shares of OHI traded down $0.17 during midday trading on Wednesday, hitting $36.50. 2,463,147 shares of the stock were exchanged, compared to its average volume of 2,081,370. The firm has a market cap of $10.56 billion, a P/E ratio of 22.67, a P/E/G ratio of 2.16 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The stock has a fifty day simple moving average of $36.90 and a 200 day simple moving average of $37.24. Omega Healthcare Investors, Inc. has a 52-week low of $33.43 and a 52-week high of $44.42.

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 the consensus estimate of $0.75. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The business had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same quarter last year, the firm posted $0.68 earnings per share. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 166.46%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OHI. Wells Fargo & Company lowered their price target on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.88.

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.