Wedbush Securities Inc. Boosts Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wedbush Securities Inc. raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,775 shares of the real estate investment trust’s stock after acquiring an additional 1,306 shares during the quarter. Wedbush Securities Inc.’s holdings in Omega Healthcare Investors were worth $786,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in OHI. Johnson Investment Counsel Inc. boosted its holdings in shares of Omega Healthcare Investors by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 295 shares during the last quarter. US Bancorp DE raised its position in Omega Healthcare Investors by 1.9% in the fourth quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 309 shares during the period. Samalin Investment Counsel LLC boosted its stake in shares of Omega Healthcare Investors by 1.5% during the 4th quarter. Samalin Investment Counsel LLC now owns 21,582 shares of the real estate investment trust’s stock worth $817,000 after acquiring an additional 314 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Omega Healthcare Investors by 27.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 319 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Omega Healthcare Investors by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,975 shares of the real estate investment trust’s stock worth $2,075,000 after purchasing an additional 325 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OHI shares. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Monday, December 9th. Finally, Truist Financial upped their price target on shares of 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.00.

Omega Healthcare Investors Price Performance

OHI stock opened at $36.26 on Tuesday. 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’s fifty day moving average price is $37.15 and its 200-day moving average price is $38.67. Omega Healthcare Investors, Inc. has a one year low of $29.66 and a one year high of $44.42. The company has a market capitalization of $10.22 billion, a PE 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 announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS 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%. On average, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s payout ratio is 172.90%.

Omega Healthcare Investors 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.