Franklin Resources Inc. Buys 42,831 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Franklin Resources Inc. grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 10.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 472,824 shares of the real estate investment trust’s stock after buying an additional 42,831 shares during the period. Franklin Resources Inc.’s holdings in Omega Healthcare Investors were worth $17,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OHI. Stonebridge Financial Group LLC bought a new stake in Omega Healthcare Investors during the fourth quarter valued at $26,000. Grove Bank & Trust acquired a new position in shares of Omega Healthcare Investors in the 4th quarter valued at about $30,000. Dunhill Financial LLC acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $31,000. Kentucky Trust Co bought a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at about $38,000. Finally, UMB Bank n.a. grew its stake in Omega Healthcare Investors by 68.6% during the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 454 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OHI has been the topic of a number of research analyst reports. Truist Financial increased their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Price Performance

OHI stock opened at $36.26 on Tuesday. Omega Healthcare Investors, Inc. has a 52-week low of $29.66 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 business has a 50-day simple moving average of $37.15 and a two-hundred day simple moving average of $38.67. The company has a market capitalization of $10.22 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.

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, 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%. Research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.39%. Omega Healthcare Investors’s dividend payout ratio 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.