Omega Healthcare Investors, Inc. $OHI Stock Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Omega Healthcare Investors stake by 5.3% in the third quarter, adding 79,074 shares to hold about 1.57 million shares valued at $71.2 million.
• Omega reported quarterly earnings of $0.27 per share, below the $0.47 consensus estimate, while revenue of $340.6 million exceeded forecasts; revenue fell 3% year over year.
• The REIT declared a quarterly dividend of $0.68 per share, equivalent to a 5.6% annualized yield. Its payout ratio was 109.68%, and analysts’ consensus rating was Hold with a $50 average price target.

Allspring Global Investments Holdings LLC lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,573,371 shares of the real estate investment trust's stock after acquiring an additional 79,074 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.52% of Omega Healthcare Investors worth $71,164,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at approximately $1,838,155,000. Bank of New York Mellon Corp bought a new position in shares of Omega Healthcare Investors in the second quarter worth $275,230,000. Dimensional Fund Advisors LP grew its position in shares of Omega Healthcare Investors by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,423,120 shares of the real estate investment trust's stock valued at $193,824,000 after purchasing an additional 108,736 shares in the last quarter. Bank of America Corp DE grew its position in shares of Omega Healthcare Investors by 3.6% in the first quarter. Bank of America Corp DE now owns 3,794,730 shares of the real estate investment trust's stock valued at $166,285,000 after purchasing an additional 131,000 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Omega Healthcare Investors by 48.5% in the first quarter. Quantinno Capital Management LP now owns 2,125,931 shares of the real estate investment trust's stock valued at $93,158,000 after purchasing an additional 694,426 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $48.81 on Tuesday. The firm's fifty day moving average price is $46.34 and its 200-day moving average price is $46.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 6.03 and a current ratio of 6.22. The stock has a market cap of $14.79 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.99 and a beta of 0.56. Omega Healthcare Investors, Inc. has a fifty-two week low of $42.18 and a fifty-two week high of $52.39.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). The business had revenue of $340.55 million for the quarter, compared to analysts' expectations of $269.16 million. Omega Healthcare Investors had a return on equity of 13.66% and a net margin of 58.11%. The company's revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 3.12 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, November 5th. Omega Healthcare Investors's dividend payout ratio is 109.68%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b+)" rating on shares of Omega Healthcare Investors in a research note on Friday, September 25th. Citizens Jmp upgraded Omega Healthcare Investors from a "market perform" rating to a "market outperform" rating and set a $52.00 target price for the company in a research note on Thursday, October 22nd. Mizuho lifted their target price on Omega Healthcare Investors from $45.00 to $46.00 and gave the company a "neutral" rating in a report on Monday, August 31st. Cantor Fitzgerald upped their price target on Omega Healthcare Investors from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Omega Healthcare Investors from a "hold" rating to a "buy" rating in a report on Saturday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Omega Healthcare Investors has a consensus rating of "Hold" and an average target price of $50.00.

Omega Healthcare Investors Profile

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