OFI Invest Asset Management Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

OFI Invest Asset Management bought a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,190 shares of the real estate investment trust’s stock, valued at approximately $409,000.

A number of other institutional investors also recently bought and sold shares of OHI. Stonebridge Financial Group LLC bought a new stake in Omega Healthcare Investors in the fourth quarter worth $26,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors in the fourth quarter worth $30,000. True Wealth Design LLC bought a new stake in Omega Healthcare Investors in the third quarter worth $31,000. Dunhill Financial LLC bought a new stake in Omega Healthcare Investors in the third quarter worth $31,000. Finally, Kentucky Trust Co bought a new stake in Omega Healthcare Investors in the fourth quarter worth $38,000. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Royal Bank of Canada raised their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 9th. Finally, Mizuho raised their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Omega Healthcare Investors Trading Up 2.5 %

OHI opened at $36.87 on Monday. The stock’s fifty day moving average is $37.11 and its two-hundred day moving average is $39.00. The company has a market capitalization of $10.39 billion, a P/E ratio of 23.79, a PEG ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. 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 announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued 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 dividend yield of 7.27%. Omega Healthcare Investors’s dividend payout ratio is presently 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.