Omega Healthcare Investors, Inc. (NYSE:OHI) Stake Boosted by Bridgefront Capital LLC

Bridgefront Capital LLC raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 116.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,093 shares of the real estate investment trust's stock after purchasing an additional 20,487 shares during the period. Bridgefront Capital LLC's holdings in Omega Healthcare Investors were worth $1,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baird Financial Group Inc. boosted its position in shares of Omega Healthcare Investors by 0.8% during the fourth quarter. Baird Financial Group Inc. now owns 50,492 shares of the real estate investment trust's stock worth $1,911,000 after buying an additional 380 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Omega Healthcare Investors by 3.9% in the fourth quarter. Ameriprise Financial Inc. now owns 776,715 shares of the real estate investment trust's stock worth $29,398,000 after purchasing an additional 28,921 shares in the last quarter. AXA S.A. increased its holdings in shares of Omega Healthcare Investors by 16.5% during the fourth quarter. AXA S.A. now owns 287,770 shares of the real estate investment trust's stock valued at $10,892,000 after purchasing an additional 40,706 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Omega Healthcare Investors by 3.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 79,393 shares of the real estate investment trust's stock valued at $3,005,000 after purchasing an additional 2,602 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Omega Healthcare Investors in the fourth quarter worth about $19,706,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Omega Healthcare Investors Stock Down 3.7 %

Shares of NYSE:OHI opened at $37.13 on Monday. The firm has a 50 day simple moving average of $37.62 and a 200 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 debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company has a market cap of $10.66 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid 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 dividend payout ratio (DPR) is currently 172.90%.

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.

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