CoreCap Advisors LLC Buys 1,009 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

CoreCap Advisors LLC lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 177.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,578 shares of the real estate investment trust’s stock after purchasing an additional 1,009 shares during the period. CoreCap Advisors LLC’s holdings in Omega Healthcare Investors were worth $60,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OHI. Stonebridge Financial Group LLC bought a new position in Omega Healthcare Investors during the fourth quarter worth about $26,000. Grove Bank & Trust bought a new position in Omega Healthcare Investors during the fourth quarter worth about $30,000. Kentucky Trust Co bought a new position in Omega Healthcare Investors during the fourth quarter worth about $38,000. UMB Bank n.a. lifted its holdings in Omega Healthcare Investors by 68.6% during the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 454 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Omega Healthcare Investors by 44.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 434 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $35.75 on Thursday. 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 stock’s 50-day simple moving average is $37.45 and its 200 day simple moving average is $38.07. The company has a market cap of $10.35 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a 52-week low of $30.48 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $228.38 million for 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 quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors’s dividend payout ratio is currently 166.46%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, Truist Financial lifted their price target 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.00.

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.