Omega Healthcare Investors, Inc. (NYSE:OHI) Position Increased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 343,029 shares of the real estate investment trust's stock after buying an additional 14,794 shares during the period. Retirement Systems of Alabama owned about 0.12% of Omega Healthcare Investors worth $13,063,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OHI. Teacher Retirement System of Texas lifted its position in shares of Omega Healthcare Investors by 69.8% in the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock valued at $5,385,000 after acquiring an additional 58,482 shares in the last quarter. Assetmark Inc. lifted its position in shares of Omega Healthcare Investors by 2.9% in the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock valued at $46,401,000 after acquiring an additional 34,463 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at approximately $1,250,000. Advisors Capital Management LLC lifted its position in shares of Omega Healthcare Investors by 4.3% in the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock valued at $28,836,000 after acquiring an additional 31,072 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its position in shares of Omega Healthcare Investors by 4.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust's stock valued at $13,934,000 after acquiring an additional 14,883 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OHI has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company cut their target price on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $41.88.

Omega Healthcare Investors Stock Down 0.1%

OHI stock opened at $36.96 on Monday. Omega Healthcare Investors, Inc. has a 12-month low of $32.92 and a 12-month high of $44.42. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.90. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.17 and a beta of 0.69. The company has a 50 day moving average of $37.10 and a two-hundred day moving average of $37.34.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting 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 company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the prior year, the business posted $0.68 EPS. Omega Healthcare Investors's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.25%. Omega Healthcare Investors's dividend payout ratio (DPR) is 166.46%.

Omega Healthcare Investors 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.

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