Merit Financial Group LLC Buys 9,519 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Merit Financial Group LLC grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 27.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,594 shares of the real estate investment trust's stock after purchasing an additional 9,519 shares during the quarter. Merit Financial Group LLC's holdings in Omega Healthcare Investors were worth $1,660,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in Omega Healthcare Investors in the fourth quarter valued at about $26,000. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at about $29,000. Kentucky Trust Co acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at approximately $38,000. V Square Quantitative Management LLC boosted its stake in Omega Healthcare Investors by 44.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 434 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Omega Healthcare Investors by 27.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented 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 for the company in a research note on Monday, June 2nd. Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.88.

Omega Healthcare Investors Stock Down 0.0%

OHI stock traded down $0.02 during trading hours on Tuesday, reaching $36.76. 2,631,061 shares of the stock were exchanged, compared to its average volume of 2,013,154. The firm's 50-day moving average is $37.14 and its 200-day moving average is $37.54. Omega Healthcare Investors, Inc. has a 12 month low of $31.43 and a 12 month high of $44.42. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.09 and a beta of 0.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data 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. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. During the same period last year, the company earned $0.68 earnings per share. Omega Healthcare Investors's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is presently 166.46%.

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.