Lazard Asset Management LLC Acquires 25,580 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Lazard Asset Management LLC grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 17.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 176,228 shares of the real estate investment trust's stock after purchasing an additional 25,580 shares during the period. Lazard Asset Management LLC owned approximately 0.07% of Omega Healthcare Investors worth $6,669,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Johnson Investment Counsel Inc. increased its position in Omega Healthcare Investors by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust's stock valued at $498,000 after buying an additional 295 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Omega Healthcare Investors by 5.9% during the fourth quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 303 shares in the last quarter. US Bancorp DE raised its position in shares of Omega Healthcare Investors by 1.9% in the 4th quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust's stock worth $612,000 after purchasing an additional 309 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in Omega Healthcare Investors by 1.5% in the 4th quarter. Samalin Investment Counsel LLC now owns 21,582 shares of the real estate investment trust's stock worth $817,000 after purchasing an additional 314 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Omega Healthcare Investors by 27.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 319 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI traded up $0.67 during trading on Friday, reaching $37.02. 1,925,492 shares of the company traded hands, compared to its average volume of 1,956,757. The firm has a 50 day simple moving average of $37.43 and a 200-day simple moving average of $37.97. Omega Healthcare Investors, Inc. has a 52-week low of $30.56 and a 52-week high of $44.42. The stock has a market capitalization of $10.71 billion, a PE ratio of 23.88, a P/E/G 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 (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. Equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OHI shares. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, Truist Financial upped their price objective 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.00.

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.