Ontario Teachers Pension Plan Board Has $2.59 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Ontario Teachers Pension Plan Board increased its stake in Omega Healthcare Investors by 73.2%, owning a total of 67,919 shares worth approximately $2.59 million as of the latest SEC filing.
• Wells Fargo upgraded Omega Healthcare's rating from "equal weight" to "overweight", raising the price target from $38.00 to $41.00, reflecting growing confidence in the stock.
• Omega Healthcare announced a quarterly dividend of $0.67 per share, resulting in an annualized yield of 6.6%, with a payout ratio currently at 165.43%.

Ontario Teachers Pension Plan Board lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 73.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 67,919 shares of the real estate investment trust's stock after acquiring an additional 28,701 shares during the period. Ontario Teachers Pension Plan Board's holdings in Omega Healthcare Investors were worth $2,586,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OHI. O Shaughnessy Asset Management LLC lifted its holdings in shares of Omega Healthcare Investors by 27.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,064 shares of the real estate investment trust's stock worth $381,000 after acquiring an additional 2,185 shares during the period. Wellington Management Group LLP lifted its holdings in Omega Healthcare Investors by 16.6% during the 4th quarter. Wellington Management Group LLP now owns 340,073 shares of the real estate investment trust's stock valued at $12,872,000 after purchasing an additional 48,391 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Omega Healthcare Investors by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 475,922 shares of the real estate investment trust's stock valued at $18,014,000 after purchasing an additional 14,068 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Omega Healthcare Investors during the 4th quarter valued at about $4,054,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Omega Healthcare Investors by 12.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 290,576 shares of the real estate investment trust's stock valued at $10,998,000 after purchasing an additional 32,721 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Price Performance

OHI traded down $0.15 during midday trading on Friday, hitting $39.98. The company had a trading volume of 2,381,229 shares, compared to its average volume of 2,218,429. The company has a debt-to-equity ratio of 0.96, a quick ratio of 6.58 and a current ratio of 7.10. The company has a market capitalization of $11.79 billion, a PE ratio of 24.68, a P/E/G ratio of 2.77 and a beta of 0.66. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The firm's 50-day simple moving average is $37.70 and its 200-day simple moving average is $37.35.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm had revenue of $235.60 million during the quarter, compared to analysts' expectations of $248.49 million. During the same quarter last year, the company posted $0.71 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.7%. Omega Healthcare Investors's payout ratio is currently 165.43%.

Analyst Ratings Changes

Several equities analysts recently issued reports on OHI shares. Royal Bank Of Canada lifted their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a report on Thursday. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $38.00 to $41.00 in a report on Monday, July 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $42.00.

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.