Nissay Asset Management Corp Japan ADV Acquires 2,982 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Nissay Asset Management Corp Japan ADV increased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,116 shares of the real estate investment trust’s stock after buying an additional 2,982 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Omega Healthcare Investors were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cohen & Steers Inc. increased its holdings in shares of Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock valued at $992,467,000 after purchasing an additional 8,837,218 shares during the last quarter. Norges Bank acquired a new position in shares of Omega Healthcare Investors in the fourth quarter valued at $110,160,000. Vanguard Group Inc. increased its holdings in shares of Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock valued at $1,440,646,000 after purchasing an additional 1,809,519 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Omega Healthcare Investors by 49.4% in the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust’s stock valued at $123,951,000 after purchasing an additional 1,083,326 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Omega Healthcare Investors by 22.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock valued at $183,205,000 after purchasing an additional 890,912 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on OHI shares. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $41.00 to $39.00 in a report on Thursday, March 27th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial upped their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.00.

Omega Healthcare Investors Trading Up 1.8%

OHI opened at $37.02 on Friday. Omega Healthcare Investors, Inc. has a twelve month low of $30.56 and a twelve month high of $44.42. The company has a 50-day simple moving average of $37.43 and a 200 day simple moving average of $37.97. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.09 and a beta of 0.73.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $228.38 million during the quarter, compared to analysts’ expectations of $236.61 million. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Omega Healthcare Investors’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. Analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.24%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 166.46%.

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.