Corebridge Financial Inc. Increases Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Corebridge Financial Inc. grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 305,453 shares of the real estate investment trust’s stock after purchasing an additional 630 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Omega Healthcare Investors worth $11,561,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $26,000. Dunhill Financial LLC purchased a new stake in Omega Healthcare Investors in the third quarter valued at approximately $31,000. True Wealth Design LLC acquired a new stake in shares of Omega Healthcare Investors in the third quarter valued at approximately $31,000. Grove Bank & Trust purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $30,000. Finally, Kentucky Trust Co purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $37.51 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. 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 cap of $10.57 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The business has a fifty day moving average of $37.10 and a two-hundred day moving average of $38.85.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating 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 predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued 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 yield of 7.14%. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of recent research reports. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Monday, December 9th. Mizuho increased their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered their price target on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.25.

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.