Edgestream Partners L.P. Increases Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Edgestream Partners L.P. grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 46.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,124 shares of the real estate investment trust's stock after acquiring an additional 78,124 shares during the quarter. Edgestream Partners L.P. owned about 0.09% of Omega Healthcare Investors worth $9,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in Omega Healthcare Investors in the 1st quarter worth approximately $29,000. Loomis Sayles & Co. L P grew its position in 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 worth $56,000 after acquiring an additional 319 shares in the last quarter. Dunhill Financial LLC increased its stake in 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 acquiring an additional 750 shares during the last quarter. CoreCap Advisors LLC increased its stake in 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 acquiring an additional 1,009 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in Omega Healthcare Investors during the fourth quarter valued at about $61,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $38.00 to $41.00 in a report on Monday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average target price of $42.25.

Omega Healthcare Investors Trading Down 0.5%

Shares of OHI traded down $0.17 during mid-day trading on Thursday, hitting $37.81. 2,271,143 shares of the company's stock traded hands, compared to its average volume of 2,124,380. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $10.94 billion, a P/E ratio of 23.48, a PEG ratio of 2.62 and a beta of 0.68. The business's 50-day moving average price is $36.85 and its 200-day moving average price is $37.16. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42.

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, hitting the consensus estimate of $0.75. The firm had revenue of $228.38 million during 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%. The business'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 EPS. 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 Dividend Announcement

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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is 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.