First Trust Advisors LP Boosts Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

First Trust Advisors LP lifted its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,775 shares of the real estate investment trust's stock after purchasing an additional 64,392 shares during the quarter. First Trust Advisors LP owned about 0.09% of Omega Healthcare Investors worth $9,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC acquired a new stake in Omega Healthcare Investors during the 3rd quarter valued at approximately $220,000. Tidal Investments LLC raised its holdings in shares of Omega Healthcare Investors by 158.8% during the third quarter. Tidal Investments LLC now owns 46,159 shares of the real estate investment trust's stock worth $1,879,000 after purchasing an additional 28,326 shares during the last quarter. Franklin Resources Inc. lifted its position in Omega Healthcare Investors by 441.4% during the third quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust's stock valued at $17,177,000 after purchasing an additional 350,570 shares during the period. Retirement Systems of Alabama boosted its holdings in Omega Healthcare Investors by 2.7% in the third quarter. Retirement Systems of Alabama now owns 313,212 shares of the real estate investment trust's stock valued at $12,748,000 after purchasing an additional 8,231 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC purchased a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at about $228,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OHI shares. Truist Financial lifted their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $42.00.

Omega Healthcare Investors Price Performance

OHI traded down $1.43 during midday trading on Friday, hitting $37.13. 4,914,027 shares of the company traded hands, compared to its average volume of 1,888,532. The business has a 50 day simple moving average of $37.62 and a two-hundred day simple moving average of $38.33. Omega Healthcare Investors, Inc. has a 52-week low of $30.48 and a 52-week high of $44.42. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.09 and a beta of 0.75. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.

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 (EPS) for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The company had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. During the same period in the previous year, the firm posted $0.68 EPS. Omega Healthcare Investors's revenue was up 13.8% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.22%. Omega Healthcare Investors's payout ratio is currently 172.90%.

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.