Wellington Management Group LLP Grows Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wellington Management Group LLP boosted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 340,073 shares of the real estate investment trust's stock after purchasing an additional 48,391 shares during the quarter. Wellington Management Group LLP owned about 0.12% of Omega Healthcare Investors worth $12,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Omega Healthcare Investors by 5.0% during the 4th 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 during the period. Cohen & Steers Inc. increased its holdings in shares of Omega Healthcare Investors by 50.8% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 7.8% in 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 in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Omega Healthcare Investors by 22.6% during the fourth 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Omega Healthcare Investors by 4.1% during 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 in the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI traded up $0.19 during midday trading on Thursday, reaching $37.60. 1,276,224 shares of the company traded hands, compared to its average volume of 2,373,688. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a 12 month low of $31.43 and a 12 month high of $44.42. The firm's fifty day moving average price is $37.23 and its two-hundred day moving average price is $37.64. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. On average, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's payout ratio is 166.46%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OHI. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, Truist Financial raised their price target on shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.88.

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.