Norges Bank Purchases Shares of 2,910,439 Omega Healthcare Investors, Inc. (NYSE:OHI)

Norges Bank purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,910,439 shares of the real estate investment trust's stock, valued at approximately $110,160,000. Norges Bank owned about 1.08% of Omega Healthcare Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in OHI. Stonebridge Financial Group LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at $26,000. Grove Bank & Trust acquired a new stake in Omega Healthcare Investors during the fourth quarter worth about $30,000. Dunhill Financial LLC purchased a new position in Omega Healthcare Investors during the third quarter worth about $31,000. Kentucky Trust Co acquired a new position in Omega Healthcare Investors in the 4th quarter valued at about $38,000. Finally, UMB Bank n.a. boosted its holdings in Omega Healthcare Investors by 68.6% in the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Trading Down 3.3 %

NYSE OHI traded down $1.28 during trading on Friday, hitting $37.37. The stock had a trading volume of 3,310,697 shares, compared to its average volume of 1,793,563. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $10.53 billion, a PE ratio of 24.11, a PEG ratio of 1.09 and a beta of 0.75. The firm has a 50 day moving average price of $37.18 and a 200 day moving average price of $38.70. Omega Healthcare Investors, Inc. has a twelve month low of $29.66 and a twelve month high of $44.42.

Remove Ads

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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%. As a group, equities research 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, February 10th. This represents a $2.68 annualized dividend and a yield of 7.17%. Omega Healthcare Investors's payout ratio is 172.90%.

Analyst Ratings Changes

Several analysts have recently commented on OHI shares. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, BMO Capital Markets upgraded shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors presently 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.