Cornerstone Enterprises LLC Takes $4.85 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cornerstone Enterprises LLC purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 128,178 shares of the real estate investment trust's stock, valued at approximately $4,852,000. Omega Healthcare Investors accounts for about 2.9% of Cornerstone Enterprises LLC's holdings, making the stock its 12th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of OHI. Sterling Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 18.9% during the fourth quarter. Sterling Capital Management LLC now owns 41,596 shares of the real estate investment trust's stock valued at $1,574,000 after purchasing an additional 6,620 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Omega Healthcare Investors by 6.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 250,597 shares of the real estate investment trust's stock valued at $9,485,000 after acquiring an additional 15,851 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Omega Healthcare Investors by 5.9% during the fourth quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 303 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Omega Healthcare Investors in the 4th quarter worth $20,058,000. Finally, Advisory Services Network LLC grew its stake in shares of Omega Healthcare Investors by 6.9% in the 4th quarter. Advisory Services Network LLC now owns 51,812 shares of the real estate investment trust's stock worth $1,961,000 after purchasing an additional 3,340 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

OHI has been the topic of a number of recent research reports. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $42.00.

Omega Healthcare Investors Stock Up 0.2 %

Shares of NYSE:OHI traded up $0.08 during midday trading on Tuesday, hitting $38.22. 2,079,506 shares of the stock were exchanged, compared to its average volume of 1,841,487. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company has a market capitalization of $10.77 billion, a PE ratio of 24.65, a P/E/G ratio of 1.09 and a beta of 0.75. The business's fifty day simple moving average is $37.14 and its two-hundred day simple moving average is $38.52. Omega Healthcare Investors, Inc. has a 52-week low of $29.66 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping 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%. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 dividend on an annualized basis and a yield of 7.01%. Omega Healthcare Investors's dividend payout ratio is currently 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.