Rossby Financial LCC Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Rossby Financial LCC acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,959 shares of the real estate investment trust's stock, valued at approximately $907,000.

Other large investors also recently added to or reduced their stakes in the company. Cohen & Steers Inc. raised its holdings in shares of Omega Healthcare Investors by 50.8% in the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after purchasing an additional 8,837,218 shares in the last quarter. Norges Bank purchased a new stake in Omega Healthcare Investors during the fourth quarter worth $110,160,000. Vanguard Group Inc. boosted its position in 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 valued at $1,440,646,000 after acquiring an additional 1,809,519 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Omega Healthcare Investors by 22.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after acquiring an additional 890,912 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Omega Healthcare Investors in the 4th quarter worth $20,058,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI traded up $0.24 on Friday, hitting $38.54. 2,136,401 shares of the company were exchanged, compared to its average volume of 1,848,923. The firm has a market capitalization of $10.86 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The stock's 50 day moving average price is $37.24 and its 200 day moving average price is $38.49.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.95%. Omega Healthcare Investors's payout ratio is 172.90%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OHI. Truist Financial raised 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. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, Wells Fargo & Company cut shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average target price of $42.00.

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.