Victory Capital Management Inc. Has $4.03 Million Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Victory Capital Management Inc. significantly increased its holdings in Omega Healthcare Investors by 109.6% to approximately $4.03 million in the first quarter.
• The stock was recently upgraded by Wells Fargo from an "equal weight" to an "overweight" rating, with a target price increase from $38.00 to $41.00.
• Omega Healthcare Investors announced a quarterly dividend of $0.67 to be paid on **August 15th**, representing an annualized yield of 6.85%.

Victory Capital Management Inc. raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 109.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,811 shares of the real estate investment trust's stock after acquiring an additional 55,322 shares during the quarter. Victory Capital Management Inc.'s holdings in Omega Healthcare Investors were worth $4,029,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its stake in 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. Norges Bank acquired a new position in shares of Omega Healthcare Investors in the 4th quarter valued at $110,160,000. Northern Trust Corp raised its stake in shares of Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock valued at $123,951,000 after buying an additional 1,083,326 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Omega Healthcare Investors by 556.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,028,187 shares of the real estate investment trust's stock valued at $39,143,000 after buying an additional 871,472 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Omega Healthcare Investors by 221.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 940,213 shares of the real estate investment trust's stock valued at $35,803,000 after buying an additional 647,832 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $38.00 to $41.00 in a report on Monday, July 14th. Five research 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 currently has a consensus rating of "Hold" and a consensus price target of $42.25.

Omega Healthcare Investors Stock Up 0.3%

Shares of NYSE:OHI opened at $39.11 on Monday. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The company's 50-day moving average price is $37.14 and its two-hundred day moving average price is $37.19. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.90. The firm has a market cap of $11.32 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.70 and a beta of 0.68.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The firm had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company's revenue was up 13.8% on a year-over-year basis. As a group, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.85%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

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.

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