Sumitomo Mitsui Trust Group Inc. Boosts Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 221.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 940,213 shares of the real estate investment trust's stock after buying an additional 647,832 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.33% of Omega Healthcare Investors worth $35,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in shares of Omega Healthcare Investors by 69.8% in the fourth quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock valued at $5,385,000 after acquiring an additional 58,482 shares during the period. Assetmark Inc. lifted its stake in Omega Healthcare Investors by 2.9% in the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock worth $46,401,000 after purchasing an additional 34,463 shares in the last quarter. PFG Investments LLC boosted its holdings in Omega Healthcare Investors by 20.4% in the 1st quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock valued at $2,695,000 after purchasing an additional 11,970 shares during the period. Advisors Capital Management LLC grew its position in shares of Omega Healthcare Investors by 4.3% during the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock valued at $28,836,000 after purchasing an additional 31,072 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its position in shares of Omega Healthcare Investors by 4.2% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust's stock valued at $13,934,000 after purchasing an additional 14,883 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OHI shares. Wells Fargo & Company lowered their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Truist Financial upped their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $41.88.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded up $0.15 during mid-day trading on Friday, reaching $36.64. 1,153,528 shares of the company were exchanged, compared to its average volume of 2,083,076. Omega Healthcare Investors, Inc. has a 52 week low of $33.43 and a 52 week high of $44.42. The company's 50 day moving average price is $36.82 and its 200 day moving average price is $37.20. The stock has a market capitalization of $10.60 billion, a PE ratio of 22.76, a PEG ratio of 2.15 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 (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 the consensus estimate of $0.75. The firm had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. Sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company 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. This represents a $2.68 annualized dividend and a yield of 7.31%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is currently 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.