Asset Management One Co. Ltd. grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 514,967 shares of the real estate investment trust's stock after purchasing an additional 24,640 shares during the period. Asset Management One Co. Ltd. owned approximately 0.18% of Omega Healthcare Investors worth $19,610,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of OHI. NBC Securities Inc. acquired a new position in shares of Omega Healthcare Investors in the first quarter valued at approximately $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 period. Dunhill Financial LLC increased its holdings in shares of Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 750 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 177.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,009 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $61,000. Institutional investors and hedge funds own 65.25% of the company's stock.
Omega Healthcare Investors Trading Down 1.1%
Shares of OHI stock opened at $36.69 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58. The firm has a market capitalization of $10.62 billion, a PE ratio of 22.79, a P/E/G ratio of 2.18 and a beta of 0.69. Omega Healthcare Investors, Inc. has a 1-year low of $32.92 and a 1-year high of $44.42. The business's fifty day moving average price is $37.03 and its 200 day moving average price is $37.32.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. Omega Healthcare Investors's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, May 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is 166.46%.
Analysts Set New Price Targets
OHI has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Truist Financial upped their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.88.
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Omega Healthcare Investors Profile
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Free Report)
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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