Northern Trust Corp Grows Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Northern Trust Corp lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 49.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,274,793 shares of the real estate investment trust's stock after acquiring an additional 1,083,326 shares during the quarter. Northern Trust Corp owned approximately 1.21% of Omega Healthcare Investors worth $123,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OHI. Stonebridge Financial Group LLC acquired a new position in Omega Healthcare Investors during the fourth quarter valued at approximately $26,000. Grove Bank & Trust acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth approximately $30,000. Kentucky Trust Co bought a new stake in shares of Omega Healthcare Investors during the fourth quarter worth approximately $38,000. 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. Finally, V Square Quantitative Management LLC grew its holdings in Omega Healthcare Investors by 44.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 434 shares during the period. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Trading Up 0.3 %

NYSE OHI traded up $0.11 during trading on Thursday, hitting $35.77. The company had a trading volume of 1,307,988 shares, compared to its average volume of 1,912,931. Omega Healthcare Investors, Inc. has a one year low of $30.48 and a one year high of $44.42. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The company's fifty day moving average is $37.57 and its 200-day moving average is $38.26. 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 issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The company had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

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 paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.49%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors's payout ratio is 166.46%.

Analyst Ratings Changes

OHI has been the subject of a number of analyst reports. Wells Fargo & Company cut Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $42.00.

About Omega Healthcare Investors

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.