California Public Employees Retirement System Has $39.13 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

California Public Employees Retirement System grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 72.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,276,276 shares of the real estate investment trust's stock after acquiring an additional 535,093 shares during the quarter. California Public Employees Retirement System owned about 0.52% of Omega Healthcare Investors worth $39,131,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Omega Healthcare Investors by 3.0% in the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust's stock valued at $1,156,219,000 after buying an additional 1,003,927 shares in the last quarter. FMR LLC grew its stake in shares of Omega Healthcare Investors by 96.5% in the third quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust's stock valued at $98,908,000 after buying an additional 1,464,693 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Omega Healthcare Investors by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,824,071 shares of the real estate investment trust's stock valued at $93,646,000 after buying an additional 227,609 shares in the last quarter. Northern Trust Corp grew its stake in shares of Omega Healthcare Investors by 1.0% in the third quarter. Northern Trust Corp now owns 1,918,137 shares of the real estate investment trust's stock valued at $63,605,000 after buying an additional 19,903 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Omega Healthcare Investors by 60.7% in the third quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust's stock valued at $44,613,000 after buying an additional 508,327 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup upgraded Omega Healthcare Investors from a "neutral" rating to a "buy" rating and increased their target price for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Mizuho reduced their price target on Omega Healthcare Investors from $35.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, January 3rd. Bank of America downgraded Omega Healthcare Investors from a "buy" rating to a "neutral" rating and reduced their price target for the company from $33.00 to $31.00 in a report on Tuesday, January 16th. BNP Paribas raised Omega Healthcare Investors from an "underperform" rating to a "neutral" rating and set a $30.00 price target for the company in a report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They issued a "buy" rating and a $36.00 price target for the company. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $33.58.

Omega Healthcare Investors Stock Performance

NYSE:OHI traded up $0.19 during trading hours on Friday, reaching $31.09. 1,563,431 shares of the stock were exchanged, compared to its average volume of 1,271,690. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35. The firm has a 50 day simple moving average of $31.01 and a 200-day simple moving average of $31.11. Omega Healthcare Investors, Inc. has a 52 week low of $26.11 and a 52 week high of $34.77. The stock has a market capitalization of $7.68 billion, a P/E ratio of 31.40, a P/E/G ratio of 10.12 and a beta of 0.91.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors's dividend payout ratio (DPR) is 270.71%.

Omega Healthcare Investors Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.