Rhumbline Advisers Boosts Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Rhumbline Advisers grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 797,469 shares of the real estate investment trust's stock after purchasing an additional 20,710 shares during the quarter. Rhumbline Advisers owned about 0.28% of Omega Healthcare Investors worth $30,368,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its holdings in shares of Omega Healthcare Investors by 69.8% in the fourth 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 purchasing an additional 58,482 shares in the last quarter. Assetmark Inc. boosted its position in 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 buying an additional 34,463 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at $1,250,000. Advisors Capital Management LLC raised its position in shares of Omega Healthcare Investors by 4.3% during the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock worth $28,836,000 after acquiring an additional 31,072 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. raised its position in shares of Omega Healthcare Investors by 4.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust's stock worth $13,934,000 after acquiring an additional 14,883 shares during the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Down 0.5%

Shares of NYSE:OHI traded down $0.20 during mid-day trading on Friday, reaching $37.41. 3,268,541 shares of the stock were exchanged, compared to its average volume of 1,995,088. The stock's 50 day simple moving average is $37.22 and its 200-day simple moving average is $37.63. Omega Healthcare Investors, Inc. has a one year low of $31.43 and a one year high of $44.42. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.82 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.09 and a beta of 0.69.

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 (EPS) for the quarter, hitting 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 net margin of 38.65% and a return on equity of 9.71%. Omega Healthcare Investors's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. As a group, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.16%. Omega Healthcare Investors's payout ratio is 166.46%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OHI. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company dropped their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of "Hold" and a consensus 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.