Raymond James Financial Inc. purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 529,923 shares of the real estate investment trust's stock, valued at approximately $20,058,000. Raymond James Financial Inc. owned approximately 0.20% of Omega Healthcare Investors at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at approximately $110,160,000. Vanguard Group Inc. lifted its position in shares of Omega Healthcare Investors by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after buying an additional 1,809,519 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Omega Healthcare Investors by 22.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after buying an additional 890,912 shares during the period. Geode Capital Management LLC grew its position in shares of Omega Healthcare Investors by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock valued at $262,329,000 after buying an additional 503,190 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Omega Healthcare Investors by 34.1% during the fourth quarter. Sei Investments Co. now owns 1,386,708 shares of the real estate investment trust's stock worth $52,487,000 after acquiring an additional 352,367 shares during the period. 65.25% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have 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 company from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, Truist Financial boosted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors has an average rating of "Hold" and a consensus price target of $42.00.
View Our Latest Stock Report on Omega Healthcare Investors
Omega Healthcare Investors Price Performance
OHI stock traded down $0.05 during trading on Friday, hitting $37.80. The company had a trading volume of 432,971 shares, compared to its average volume of 1,857,708. The business has a 50 day moving average of $37.38 and a 200 day moving average of $38.44. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.09 and a beta of 0.75. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $44.42.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping 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%. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.
Omega Healthcare Investors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 172.90%.
About Omega Healthcare Investors
(
Free Report)
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.
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