11,788 Shares in Omega Healthcare Investors, Inc. (NYSE:OHI) Bought by Ethic Inc.

Ethic Inc. acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, HoldingsChannel reports. The fund acquired 11,788 shares of the real estate investment trust’s stock, valued at approximately $446,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 5.0% in the 4th 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. Cohen & Steers Inc. increased its position in Omega Healthcare Investors by 50.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock worth $992,467,000 after purchasing an additional 8,837,218 shares during the period. Geode Capital Management LLC increased its position in Omega Healthcare Investors by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust’s stock worth $262,329,000 after purchasing an additional 503,190 shares during the period. Daiwa Securities Group Inc. increased its position in Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock worth $183,205,000 after purchasing an additional 890,912 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Omega Healthcare Investors by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust’s stock worth $150,879,000 after acquiring an additional 155,924 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OHI. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. Finally, Truist Financial raised their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Six 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, the stock presently has a consensus rating of “Hold” and an average price target of $42.00.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $36.33 on Friday. Omega Healthcare Investors, Inc. has a 1-year low of $30.48 and a 1-year high of $44.42. The business has a 50-day moving average of $37.42 and a 200-day moving average of $38.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.09 and a beta of 0.73.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 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 9.71% and a net margin of 38.65%. Omega Healthcare Investors’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. On average, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors’s dividend payout ratio 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.