Pallas Capital Advisors LLC Invests $285,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pallas Capital Advisors LLC purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,495 shares of the real estate investment trust's stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Omega Healthcare Investors by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock valued at $1,440,646,000 after purchasing an additional 1,809,519 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of Omega Healthcare Investors by 50.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after purchasing an additional 8,837,218 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Omega Healthcare Investors by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock valued at $262,329,000 after purchasing an additional 503,190 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after purchasing an additional 890,912 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Omega Healthcare Investors by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust's stock valued at $150,879,000 after purchasing an additional 155,924 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded down $0.01 during midday trading on Friday, reaching $37.01. 2,228,705 shares of the stock traded hands, compared to its average volume of 2,024,965. 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 stock has a market capitalization of $10.71 billion, a PE ratio of 23.88, a P/E/G ratio of 1.09 and a beta of 0.69. Omega Healthcare Investors, Inc. has a one year low of $32.06 and a one year high of $44.42. The company's 50 day moving average is $37.16 and its 200 day moving average is $37.47.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings results 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 company 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 revenue was up 13.8% on a year-over-year basis. On average, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.24%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reduced 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 report on Monday, June 2nd. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $41.88.

Omega Healthcare Investors Company 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.