Centiva Capital LP Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Centiva Capital LP purchased a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,040 shares of the real estate investment trust’s stock, valued at approximately $1,743,000.

Several other hedge funds have also recently made changes to their positions in OHI. Cohen & Steers Inc. raised its stake 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 valued at $992,467,000 after buying an additional 8,837,218 shares during the last quarter. Norges Bank bought a new stake in shares of Omega Healthcare Investors in the fourth quarter worth $110,160,000. Vanguard Group Inc. increased its position in Omega Healthcare Investors by 5.0% during 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 acquiring an additional 1,809,519 shares during the last quarter. Northern Trust Corp boosted its position in 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 worth $123,951,000 after purchasing an additional 1,083,326 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of 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 valued at $183,205,000 after purchasing an additional 890,912 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OHI shares. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, Truist Financial upped their price objective 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 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 currently has an average rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Trading Down 0.7 %

Shares of Omega Healthcare Investors stock opened at $35.66 on Thursday. The company has a fifty day moving average of $37.57 and a 200 day moving average of $38.26. Omega Healthcare Investors, Inc. has a fifty-two week low of $30.48 and a fifty-two week high of $44.42. The company has a market capitalization of $10.24 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.09 and a beta of 0.73. 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 (NYSE:OHI) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The company had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. During the same quarter last year, the company earned $0.68 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.52%. Omega Healthcare Investors’s dividend payout ratio is currently 166.46%.

Omega Healthcare Investors 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.