abrdn plc raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,135,267 shares of the real estate investment trust's stock after purchasing an additional 15,805 shares during the quarter. abrdn plc owned 0.42% of Omega Healthcare Investors worth $43,055,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its position in Omega Healthcare Investors by 353.4% in the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 516 shares during the last quarter. Grove Bank & Trust acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter worth $30,000. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors in the third quarter valued at about $31,000. Dunhill Financial LLC acquired a new position in shares of Omega Healthcare Investors during the third quarter worth about $31,000. Finally, DiNuzzo Private Wealth Inc. purchased a new position in Omega Healthcare Investors during the third quarter worth about $33,000. Institutional investors and hedge funds own 65.25% of the company's stock.
Omega Healthcare Investors Price Performance
NYSE OHI traded down $0.12 during trading hours on Friday, reaching $37.94. The company's stock had a trading volume of 2,468,451 shares, compared to its average volume of 1,912,040. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07. The company's 50-day moving average is $38.00 and its two-hundred day moving average is $39.09. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $44.42. The stock has a market cap of $10.24 billion, a PE ratio of 24.48, a PEG ratio of 1.11 and a beta of 0.99.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.
Omega Healthcare Investors Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.06%. Omega Healthcare Investors's dividend payout ratio (DPR) is 172.90%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on OHI shares. Berenberg Bank began coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a "buy" rating and a $45.00 price objective on the stock. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday. Royal Bank of Canada increased their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Monday, November 11th. BNP Paribas upgraded shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Thursday, October 31st. Finally, BMO Capital Markets raised shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research note on Monday, December 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $41.67.
View Our Latest Analysis on Omega Healthcare Investors
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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