Pinion Investment Advisors LLC Has $1.45 Million Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pinion Investment Advisors LLC boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 113.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,190 shares of the real estate investment trust's stock after acquiring an additional 20,262 shares during the quarter. Pinion Investment Advisors LLC's holdings in Omega Healthcare Investors were worth $1,454,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its position in shares of Omega Healthcare Investors by 69.8% during the fourth quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock worth $5,385,000 after acquiring an additional 58,482 shares during the last quarter. Assetmark Inc. grew its position in shares of Omega Healthcare Investors by 2.9% during the fourth quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock worth $46,401,000 after acquiring an additional 34,463 shares during the last quarter. Tallon Kerry Patrick purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $1,250,000. Advisors Capital Management LLC grew 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. grew 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. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OHI. Wells Fargo & Company lowered their target price on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Truist Financial lifted their price target 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $41.88.

Omega Healthcare Investors Stock Performance

OHI stock traded down $0.01 during trading on Friday, hitting $37.01. 2,228,705 shares of the company's stock traded hands, compared to its average volume of 2,024,965. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 52 week low of $32.06 and a 52 week high of $44.42. The stock has a fifty day moving average price of $37.16 and a two-hundred day moving average price of $37.47. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The firm had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the prior year, the firm posted $0.68 EPS. Omega Healthcare Investors's revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 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.