Voloridge Investment Management LLC Acquires 289,402 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Voloridge Investment Management LLC increased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 128.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 515,109 shares of the real estate investment trust's stock after purchasing an additional 289,402 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.19% of Omega Healthcare Investors worth $19,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new position in Omega Healthcare Investors in the fourth quarter valued at about $1,250,000. Diversify Advisory Services LLC purchased a new position in Omega Healthcare Investors in the fourth quarter valued at about $272,000. UMB Bank n.a. boosted its stake in Omega Healthcare Investors by 68.6% in the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 454 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in Omega Healthcare Investors by 1.6% in the fourth quarter. Simon Quick Advisors LLC now owns 21,586 shares of the real estate investment trust's stock valued at $817,000 after acquiring an additional 350 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Omega Healthcare Investors by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,802 shares of the real estate investment trust's stock valued at $1,242,000 after acquiring an additional 1,309 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

NYSE OHI traded down $0.46 on Wednesday, hitting $36.40. The stock had a trading volume of 302,370 shares, compared to its average volume of 1,961,383. The firm has a 50-day moving average of $37.31 and a 200-day moving average of $37.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a 52-week low of $30.75 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. Equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is currently 166.46%.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of research analyst reports. JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Truist Financial raised their price objective 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. Finally, Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. Six equities research 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 stock presently has an average 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.