KLP Kapitalforvaltning AS Purchases New Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

KLP Kapitalforvaltning AS acquired a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 67,200 shares of the real estate investment trust’s stock, valued at approximately $2,544,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in Omega Healthcare Investors by 0.9% in the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock worth $502,228,000 after purchasing an additional 114,085 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Omega Healthcare Investors by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock worth $261,589,000 after acquiring an additional 192,465 shares during the period. Daiwa Securities Group Inc. lifted its holdings 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 worth $183,205,000 after acquiring an additional 890,912 shares during the period. FMR LLC boosted its position in shares of Omega Healthcare Investors by 9.9% during the 3rd quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock valued at $171,625,000 after acquiring an additional 380,626 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Omega Healthcare Investors by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust’s stock valued at $150,879,000 after acquiring an additional 155,924 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on OHI. Mizuho lifted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 9th. Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Wells Fargo & Company lowered their target price on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and a consensus price target of $42.25.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $37.68 on Thursday. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42. The stock has a 50-day simple moving average of $37.10 and a 200 day simple moving average of $38.84. 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 $10.62 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. On average, research 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.11%. Omega Healthcare Investors’s payout ratio is 172.90%.

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.