Ameriprise Financial Inc. Has $29.40 Million Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Ameriprise Financial Inc. increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 776,715 shares of the real estate investment trust's stock after buying an additional 28,921 shares during the period. Ameriprise Financial Inc. owned 0.29% of Omega Healthcare Investors worth $29,398,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of OHI. Cohen & Steers Inc. boosted its holdings in shares of Omega Healthcare Investors by 50.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock worth $992,467,000 after buying an additional 8,837,218 shares during the period. Norges Bank bought a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $110,160,000. Vanguard Group Inc. boosted its holdings in shares of 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. Northern Trust Corp boosted its holdings in shares of Omega Healthcare Investors by 49.4% during the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after buying an additional 1,083,326 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock worth $183,205,000 after buying an additional 890,912 shares during the period. Institutional investors own 65.25% of the company's stock.

Wall Street Analyst Weigh In

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

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI traded up $0.67 during midday trading on Friday, hitting $37.02. The stock had a trading volume of 1,925,492 shares, compared to its average volume of 1,952,559. The company's 50-day moving average price is $37.43 and its 200-day moving average price is $38.00. The company has a market capitalization of $10.71 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. 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, Inc. has a fifty-two week low of $30.48 and a fifty-two week high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $228.38 million during the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. As a group, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.24%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's payout ratio is presently 166.46%.

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.