Edgestream Partners L.P. Boosts Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Edgestream Partners L.P. raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 46.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,124 shares of the real estate investment trust’s stock after buying an additional 78,124 shares during the period. Edgestream Partners L.P.’s holdings in Omega Healthcare Investors were worth $9,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in OHI. Steward Partners Investment Advisory LLC lifted its position in shares of Omega Healthcare Investors by 52.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,429 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 1,878 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Omega Healthcare Investors by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,489 shares of the real estate investment trust’s stock valued at $1,911,000 after acquiring an additional 457 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at $443,000. Raymond James Financial Inc. acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at $20,058,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Omega Healthcare Investors by 12.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,593 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 1,137 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OHI has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, June 2nd. Truist Financial raised their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.88.

Omega Healthcare Investors Stock Up 2.3%

Shares of NYSE OHI opened at $37.50 on Monday. Omega Healthcare Investors, Inc. has a 1 year low of $34.63 and a 1 year high of $44.42. The firm’s 50 day moving average price is $36.67 and its 200 day moving average price is $37.15. The firm has a market cap of $10.85 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.59 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. Omega Healthcare Investors’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. As a group, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 7.15%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 166.46%.

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.