Islay Capital Management LLC Buys 1,016 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Islay Capital Management LLC increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,819 shares of the real estate investment trust’s stock after purchasing an additional 1,016 shares during the quarter. Islay Capital Management LLC’s holdings in Omega Healthcare Investors were worth $750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Johnson Investment Counsel Inc. boosted its holdings in shares of Omega Healthcare Investors by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 295 shares during the period. US Bancorp DE raised its position in Omega Healthcare Investors by 1.9% during the 4th quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 309 shares in the last quarter. Samalin Investment Counsel LLC lifted its holdings in shares of Omega Healthcare Investors by 1.5% in the 4th quarter. Samalin Investment Counsel LLC now owns 21,582 shares of the real estate investment trust’s stock worth $817,000 after buying an additional 314 shares during the period. Loomis Sayles & Co. L P grew its position in shares of Omega Healthcare Investors by 27.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 319 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Omega Healthcare Investors by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,975 shares of the real estate investment trust’s stock valued at $2,075,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OHI. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $41.00 to $39.00 in a report on Thursday, March 27th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial increased their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Six investment 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 has an average rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $37.37 on Friday. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.53 billion, a PE ratio of 24.11, a PEG ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42. The business’s fifty day simple moving average is $37.18 and its 200-day simple moving average is $38.73.

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 (EPS) for the quarter, beating the consensus estimate 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 expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Omega Healthcare Investors Company 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.