Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,769 shares of the real estate investment trust’s stock after purchasing an additional 3,880 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Omega Healthcare Investors worth $6,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC grew its holdings in shares of Omega Healthcare Investors by 2.5% during the first quarter. Cornerstone Wealth Management LLC now owns 59,751 shares of the real estate investment trust’s stock worth $2,275,000 after buying an additional 1,468 shares in the last quarter. QRG Capital Management Inc. boosted its position in Omega Healthcare Investors by 0.5% during the first quarter. QRG Capital Management Inc. now owns 69,499 shares of the real estate investment trust’s stock worth $2,647,000 after acquiring an additional 341 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Omega Healthcare Investors by 5.0% during the first quarter. Janney Montgomery Scott LLC now owns 34,453 shares of the real estate investment trust’s stock worth $1,312,000 after acquiring an additional 1,651 shares during the last quarter. Columbus Macro LLC purchased a new stake in Omega Healthcare Investors in the 1st quarter worth approximately $6,353,000. Finally, Pinion Investment Advisors LLC raised its holdings in Omega Healthcare Investors by 113.0% in the 1st quarter. Pinion Investment Advisors LLC now owns 38,190 shares of the real estate investment trust’s stock valued at $1,454,000 after acquiring an additional 20,262 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 0.1%

Shares of OHI opened at $36.95 on Friday. Omega Healthcare Investors, Inc. has a twelve month low of $32.48 and a twelve month high of $44.42. The firm has a market capitalization of $10.69 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.17 and a beta of 0.69. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $37.12 and its 200 day simple moving average is $37.39.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.25%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors’s payout ratio is currently 166.46%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, June 2nd. Truist Financial raised their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Hold” and a consensus target price of $41.88.

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.