Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Purchased by LSV Asset Management

Key Points

• LSV Asset Management increased its holdings in Omega Healthcare Investors, owning 1,592,000 shares worth approximately $60.6 million, which represents a 0.55% stake in the company.
• Wells Fargo upgraded Omega Healthcare from an "equal weight" rating to an "overweight" rating, raising the price target from $38.00 to $41.00, while the consensus rating is currently a "Hold" with an average price target of $42.25.
• Omega Healthcare declared a quarterly dividend of $0.67 per share, expected to yield 6.7% annually, with a payout ratio of 165.43%.

LSV Asset Management lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,592,000 shares of the real estate investment trust's stock after buying an additional 7,200 shares during the period. LSV Asset Management owned approximately 0.55% of Omega Healthcare Investors worth $60,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Cohen & Steers Inc. boosted its position in shares of Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock worth $992,467,000 after buying an additional 8,837,218 shares during the period. Geode Capital Management LLC boosted its position in shares of Omega Healthcare Investors by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after buying an additional 503,190 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Omega Healthcare Investors by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,892,553 shares of the real estate investment trust's stock worth $147,331,000 after buying an additional 111,474 shares during the period. Northern Trust Corp boosted its position 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 during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Omega Healthcare Investors by 6.4% in the first quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust's stock worth $118,930,000 after buying an additional 188,481 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $41.00 in a report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and four 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 target price of $42.25.

Omega Healthcare Investors Stock Up 1.2%

OHI traded up $0.47 on Wednesday, reaching $40.47. The company's stock had a trading volume of 242,517 shares, compared to its average volume of 2,401,631. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 6.58. The business's 50 day moving average is $37.50 and its 200 day moving average is $37.29.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%. The firm had revenue of $235.60 million during the quarter, compared to the consensus estimate of $248.49 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. Omega Healthcare Investors's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research 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 disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, August 4th. This represents a $2.68 annualized dividend and a yield of 6.6%. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

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.