Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Bought by Zacks Investment Management

Zacks Investment Management boosted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,355 shares of the real estate investment trust’s stock after purchasing an additional 1,191 shares during the period. Zacks Investment Management’s holdings in Omega Healthcare Investors were worth $5,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of OHI. Cohen & Steers Inc. grew its holdings in shares of Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock valued at $992,467,000 after buying an additional 8,837,218 shares during the last quarter. Norges Bank purchased a new stake in Omega Healthcare Investors during the 4th quarter valued at about $110,160,000. Vanguard Group Inc. increased its holdings in shares of Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock valued at $1,440,646,000 after purchasing an additional 1,809,519 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Omega Healthcare Investors by 22.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock worth $183,205,000 after purchasing an additional 890,912 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth about $20,058,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

OHI opened at $38.54 on Friday. The firm has a fifty day moving average price of $37.19 and a 200 day moving average price of $38.50. Omega Healthcare Investors, Inc. has a 1 year low of $29.66 and a 1 year high of $44.42. The stock has a market cap of $10.86 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.09 and a beta of 0.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data 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%. Equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $0.67 per share. 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 6.95%. Omega Healthcare Investors’s dividend payout ratio is currently 172.90%.

Wall Street Analyst Weigh In

OHI has been the topic of several research reports. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. Finally, JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.00.

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.