Bridgefront Capital LLC increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 116.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,093 shares of the real estate investment trust's stock after purchasing an additional 20,487 shares during the quarter. Bridgefront Capital LLC's holdings in Omega Healthcare Investors were worth $1,442,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Baird Financial Group Inc. increased its stake 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. lifted its position in shares of Omega Healthcare Investors by 3.9% during the 4th 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 during the last quarter. AXA S.A. grew its stake 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 worth $10,892,000 after purchasing an additional 40,706 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Omega Healthcare Investors by 3.4% in 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 buying an additional 2,602 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Omega Healthcare Investors in the fourth quarter valued at approximately $19,706,000. Hedge funds and other institutional investors own 65.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on OHI. Wells Fargo & Company cut 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. Truist Financial increased 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $42.00.
Check Out Our Latest Analysis on OHI
Omega Healthcare Investors Stock Performance
Shares of OHI stock traded up $0.31 during trading hours on Friday, reaching $35.86. 1,908,861 shares of the company's stock were exchanged, compared to its average volume of 1,926,741. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The company's 50 day moving average is $37.50 and its two-hundred day moving average is $38.18. The company has a market cap of $10.30 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a 1 year low of $30.48 and a 1 year 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, hitting the consensus estimate of $0.75. The company had revenue of $228.38 million for 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 business's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.
Omega Healthcare Investors Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.47%. Omega Healthcare Investors's payout ratio is 166.46%.
Omega Healthcare Investors Profile
(
Free Report)
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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