Retirement Systems of Alabama Raises Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Retirement Systems of Alabama grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 343,029 shares of the real estate investment trust's stock after acquiring an additional 14,794 shares during the period. Retirement Systems of Alabama owned 0.12% of Omega Healthcare Investors worth $13,063,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cohen & Steers Inc. raised its stake in shares of Omega Healthcare Investors by 50.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after purchasing an additional 8,837,218 shares during the period. Norges Bank purchased a new position in Omega Healthcare Investors during the 4th quarter valued at about $110,160,000. Vanguard Group Inc. increased its position in shares of Omega Healthcare Investors by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock valued at $1,440,646,000 after buying an additional 1,809,519 shares during the period. Northern Trust Corp lifted its holdings in shares of Omega Healthcare Investors by 49.4% in the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after buying an additional 1,083,326 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 22.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock worth $183,205,000 after buying an additional 890,912 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Price Performance

Shares of OHI stock traded up $0.09 during trading on Thursday, hitting $36.73. The company had a trading volume of 1,955,784 shares, compared to its average volume of 2,071,242. The stock's 50-day moving average is $37.03 and its two-hundred day moving average is $37.32. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 2.16 and a beta of 0.69. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.90. 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 released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million during the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.30%. Omega Healthcare Investors's payout ratio is 166.46%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial boosted 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. Wells Fargo & Company reduced their price target 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 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, the company presently has an average rating of "Hold" and an average target price of $41.88.

Omega Healthcare Investors Company 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.