Public Employees Retirement System of Ohio Increases Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Public Employees Retirement System of Ohio increased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,385 shares of the real estate investment trust's stock after purchasing an additional 16,187 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.17% of Omega Healthcare Investors worth $18,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after buying an additional 1,809,519 shares in the last quarter. Cohen & Steers Inc. increased its position in Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock worth $992,467,000 after acquiring an additional 8,837,218 shares during the period. Geode Capital Management LLC raised its stake in Omega Healthcare Investors by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after purchasing an additional 503,190 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Omega Healthcare Investors by 22.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock worth $183,205,000 after purchasing an additional 890,912 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Omega Healthcare Investors by 4.1% in 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 period. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on OHI shares. Truist Financial raised their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Wells Fargo & Company lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Omega Healthcare Investors Price Performance

NYSE:OHI traded up $0.07 during mid-day trading on Friday, reaching $36.81. The stock had a trading volume of 787,619 shares, compared to its average volume of 1,966,995. Omega Healthcare Investors, Inc. has a 12 month low of $30.94 and a 12 month high of $44.42. The stock has a market capitalization of $10.65 billion, a PE ratio of 23.75, a P/E/G ratio of 1.09 and a beta of 0.73. 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 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $37.72.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The firm had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.28%. Omega Healthcare Investors's dividend payout ratio is presently 166.46%.

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.