Portland Financial Advisors Inc Makes New $1.87 Million Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Portland Financial Advisors Inc purchased a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, Holdings Channel reports. The firm purchased 49,391 shares of the real estate investment trust’s stock, valued at approximately $1,869,000. Omega Healthcare Investors accounts for about 5.0% of Portland Financial Advisors Inc’s portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors in the 4th quarter worth about $26,000. Grove Bank & Trust bought a new stake in shares of Omega Healthcare Investors in the fourth quarter worth approximately $30,000. True Wealth Design LLC purchased a new position in shares of Omega Healthcare Investors during the third quarter valued at approximately $31,000. Dunhill Financial LLC purchased a new position in shares of Omega Healthcare Investors during the third quarter valued at approximately $31,000. Finally, Kentucky Trust Co bought a new position in Omega Healthcare Investors during the fourth quarter valued at approximately $38,000. 65.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OHI shares. Mizuho lifted 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 report on Thursday, December 5th. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 9th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Omega Healthcare Investors Trading Down 1.4 %

Shares of Omega Healthcare Investors stock opened at $35.68 on Monday. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two 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 company has a market capitalization of $10.05 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.09 and a beta of 0.99. The company has a fifty day moving average of $37.38 and a 200 day moving average of $39.05.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a dividend of $0.67 per share. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.51%. Omega Healthcare Investors’s dividend payout ratio is 172.90%.

Omega Healthcare Investors Company 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.