Wealth Enhancement Advisory Services LLC raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 994.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 554,286 shares of the real estate investment trust's stock after purchasing an additional 503,636 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.20% of Omega Healthcare Investors worth $20,980,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its position in Omega Healthcare Investors by 69.8% during the 4th 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 period. Assetmark Inc. lifted its stake 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 in the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter worth approximately $1,250,000. Advisors Capital Management LLC raised its position in shares of Omega Healthcare Investors by 4.3% in the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock valued at $28,836,000 after buying an additional 31,072 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its holdings in shares of Omega Healthcare Investors by 4.2% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust's stock worth $13,934,000 after purchasing an additional 14,883 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.
Omega Healthcare Investors Stock Performance
Shares of OHI stock traded up $0.34 during midday trading on Wednesday, hitting $37.45. The company had a trading volume of 2,242,539 shares, compared to its average volume of 1,984,149. Omega Healthcare Investors, Inc. has a 52-week low of $31.43 and a 52-week high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The company's 50 day simple moving average is $37.23 and its 200 day simple moving average is $37.64. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.09 and a beta of 0.73.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. The company had revenue of $228.38 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. Research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share 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 given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's payout ratio is 166.46%.
Analysts Set New Price Targets
OHI has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company cut their price target on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday. 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.88.
Get Our Latest Research Report on OHI
Omega Healthcare Investors Profile
(
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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