Lido Advisors LLC Makes New $300,000 Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Lido Advisors LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,932 shares of the real estate investment trust’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp grew 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 acquiring an additional 1,083,326 shares during the period. Quarry LP grew its holdings in shares of Omega Healthcare Investors by 55.8% during the 4th quarter. Quarry LP now owns 2,689 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 963 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Omega Healthcare Investors by 4.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 65,798 shares of the real estate investment trust’s stock worth $2,490,000 after purchasing an additional 2,843 shares during the period. Capital Analysts LLC increased its position in shares of Omega Healthcare Investors by 11.0% during the 4th quarter. Capital Analysts LLC now owns 7,087 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 703 shares during the last quarter. Finally, Waterfront Capital Partners LLC raised its holdings in Omega Healthcare Investors by 3.5% in the 4th quarter. Waterfront Capital Partners LLC now owns 551,424 shares of the real estate investment trust’s stock valued at $20,871,000 after buying an additional 18,702 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Omega Healthcare Investors Stock Down 2.3 %

Shares of NYSE OHI opened at $36.17 on Tuesday. The stock has a market cap of $10.39 billion, a P/E ratio of 23.34, a PEG ratio of 1.09 and a beta of 0.73. The business’s fifty day simple moving average is $37.61 and its 200-day simple moving average is $38.30. Omega Healthcare Investors, Inc. has a 12-month low of $30.48 and a 12-month high of $44.42. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data 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. The business had revenue of $228.38 million during the quarter, compared to analysts’ expectations of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. As a group, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 7.41%. Omega Healthcare Investors’s payout ratio is 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.