Vanguard Group Inc. Boosts Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,061,982 shares of the real estate investment trust’s stock after buying an additional 1,809,519 shares during the period. Vanguard Group Inc. owned approximately 0.14% of Omega Healthcare Investors worth $1,440,646,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter worth $26,000. Grove Bank & Trust bought a new position in Omega Healthcare Investors in the 4th quarter worth about $30,000. True Wealth Design LLC purchased a new stake in Omega Healthcare Investors during the 3rd quarter valued at about $31,000. Dunhill Financial LLC bought a new stake in Omega Healthcare Investors during the 3rd quarter valued at about $31,000. Finally, Kentucky Trust Co purchased a new position in Omega Healthcare Investors in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on OHI. Mizuho increased their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $41.00 to $39.00 in a research note on Thursday. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday, December 9th. Finally, Truist Financial boosted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Stock Down 0.6 %

OHI stock opened at $37.50 on Friday. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.09 and a beta of 1.00. 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 business’s 50-day moving average is $37.10 and its two-hundred day moving average is $38.83. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. As a group, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is presently 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.