Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 50.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 118,273 shares of the real estate investment trust’s stock after purchasing an additional 39,704 shares during the period. Ensign Peak Advisors Inc’s holdings in Omega Healthcare Investors were worth $4,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ethic Inc. acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $446,000. Dunhill Financial LLC increased its holdings in shares of Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 750 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 177.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,009 shares during the last quarter. Cornerstone Select Advisors LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $690,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, Truist Financial raised their target price 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 assigned a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Trading Down 1.9%

OHI opened at $35.75 on Thursday. Omega Healthcare Investors, Inc. has a 52 week low of $30.48 and a 52 week high of $44.42. The business has a fifty day simple moving average of $37.45 and a 200-day simple moving average of $38.07. The firm 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. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

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 firm had revenue of $228.38 million during the quarter, compared to analyst estimates 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 revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.67 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.50%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 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.