Plan Group Financial LLC Acquires 12,297 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Plan Group Financial LLC increased its holdings in Omega Healthcare Investors by 47.3% during Q1, owning 38,293 shares valued at approximately $1.46 million at the end of the reporting period.
• Omega Healthcare Investors reported an EPS of $0.77, exceeding analysts' expectations of $0.45, along with a revenue of $235.60 million for the last quarter.
• The company announced a quarterly dividend of $0.67 per share, with a resulting annualized yield of 6.7% and a payout ratio of 165.43%.

Plan Group Financial LLC boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 47.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,293 shares of the real estate investment trust's stock after purchasing an additional 12,297 shares during the period. Plan Group Financial LLC's holdings in Omega Healthcare Investors were worth $1,458,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OHI. American Century Companies Inc. raised its stake in shares of Omega Healthcare Investors by 5.2% during the fourth quarter. American Century Companies Inc. now owns 90,831 shares of the real estate investment trust's stock valued at $3,438,000 after acquiring an additional 4,487 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Omega Healthcare Investors by 27.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,064 shares of the real estate investment trust's stock valued at $381,000 after acquiring an additional 2,185 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Omega Healthcare Investors by 16.6% during the fourth quarter. Wellington Management Group LLP now owns 340,073 shares of the real estate investment trust's stock valued at $12,872,000 after acquiring an additional 48,391 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Omega Healthcare Investors by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 472,824 shares of the real estate investment trust's stock valued at $17,896,000 after acquiring an additional 42,831 shares during the last quarter. Finally, World Investment Advisors raised its stake in shares of Omega Healthcare Investors by 303.6% during the fourth quarter. World Investment Advisors now owns 21,794 shares of the real estate investment trust's stock valued at $825,000 after acquiring an additional 16,394 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Down 0.4%

Shares of NYSE:OHI traded down $0.15 during trading on Friday, reaching $39.98. 2,381,229 shares of the stock traded hands, compared to its average volume of 2,218,429. The stock has a 50-day moving average of $37.70 and a two-hundred day moving average of $37.35. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $44.42. 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 stock has a market cap of $11.79 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.66.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $248.49 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be issued a $0.67 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.68 annualized dividend and a yield of 6.7%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a research note on Thursday. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $38.00 to $41.00 in a research report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $42.00.

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.