Zurcher Kantonalbank Zurich Cantonalbank Purchases 9,628 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,103 shares of the real estate investment trust's stock after acquiring an additional 9,628 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Omega Healthcare Investors worth $7,049,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Omega Healthcare Investors by 5.2% during the 4th quarter. American Century Companies Inc. now owns 90,831 shares of the real estate investment trust's stock valued at $3,438,000 after acquiring an additional 4,487 shares during the last quarter. Norges Bank acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at $110,160,000. Pictet Asset Management Holding SA raised its position in Omega Healthcare Investors by 10.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 84,064 shares of the real estate investment trust's stock valued at $3,182,000 after acquiring an additional 7,739 shares in the last quarter. Schroder Investment Management Group increased its position in Omega Healthcare Investors by 29.8% during the fourth quarter. Schroder Investment Management Group now owns 527,309 shares of the real estate investment trust's stock worth $19,779,000 after buying an additional 120,967 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Omega Healthcare Investors by 3.6% in the 4th quarter. California Public Employees Retirement System now owns 1,209,407 shares of the real estate investment trust's stock worth $45,776,000 after purchasing an additional 42,512 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $38.00 to $41.00 in a report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average target price of $42.25.

Omega Healthcare Investors Price Performance

Shares of OHI stock traded up $1.04 during trading hours on Friday, hitting $39.94. The company had a trading volume of 3,298,422 shares, compared to its average volume of 2,074,650. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The firm's fifty day moving average is $37.29 and its 200 day moving average is $37.24. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.68 and a beta of 0.66.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 10.04%. The company had revenue of $235.60 million during the quarter, compared to analyst estimates of $248.49 million. During the same quarter last year, the business posted $0.71 earnings per share. The company's revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 4th. Omega Healthcare Investors's payout ratio is 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.