Rainey & Randall Wealth Advisors Inc. Has $7.18 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Rainey & Randall Wealth Advisors Inc. raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 188,636 shares of the real estate investment trust's stock after purchasing an additional 9,632 shares during the quarter. Omega Healthcare Investors makes up about 1.4% of Rainey & Randall Wealth Advisors Inc.'s investment portfolio, making the stock its 16th largest position. Rainey & Randall Wealth Advisors Inc. owned approximately 0.07% of Omega Healthcare Investors worth $7,183,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 acquiring an additional 1,809,519 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of 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 last quarter. Geode Capital Management LLC raised its position in shares of Omega Healthcare Investors by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after acquiring an additional 503,190 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Omega Healthcare Investors by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,892,553 shares of the real estate investment trust's stock worth $147,331,000 after acquiring an additional 111,474 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Omega Healthcare Investors by 49.4% during the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after acquiring an additional 1,083,326 shares during the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Trading Down 0.1%

NYSE OHI traded down $0.04 on Wednesday, reaching $37.96. The company had a trading volume of 1,767,860 shares, compared to its average volume of 2,121,921. The stock's 50 day moving average is $36.75 and its 200-day moving average is $37.16. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.62 and a beta of 0.68. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.90. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The firm's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. Equities analysts predict 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. 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 dividend on an annualized basis and a yield of 7.06%. Omega Healthcare Investors's payout ratio is 166.46%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OHI shares. Truist Financial boosted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $41.00 in a report on Monday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.25.

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.