Erste Asset Management GmbH raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,353 shares of the real estate investment trust's stock after acquiring an additional 8,584 shares during the period. Erste Asset Management GmbH's holdings in Omega Healthcare Investors were worth $3,898,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vestcor Inc boosted its stake in Omega Healthcare Investors by 1,274.2% in the fourth quarter. Vestcor Inc now owns 36,375 shares of the real estate investment trust's stock valued at $1,377,000 after acquiring an additional 33,728 shares during the period. Swiss National Bank raised its holdings in Omega Healthcare Investors by 5.1% during the fourth quarter. Swiss National Bank now owns 507,100 shares of the real estate investment trust's stock worth $19,194,000 after purchasing an additional 24,700 shares in the last quarter. Securian Asset Management Inc. increased its holdings in shares of Omega Healthcare Investors by 1.8% in the fourth quarter. Securian Asset Management Inc. now owns 20,407 shares of the real estate investment trust's stock valued at $772,000 after buying an additional 358 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 21.1% in the fourth quarter. HighTower Advisors LLC now owns 64,860 shares of the real estate investment trust's stock valued at $2,455,000 after buying an additional 11,286 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Omega Healthcare Investors in the fourth quarter valued at $1,104,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on OHI. Truist Financial boosted their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Mizuho boosted their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. 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 target on the stock in a report on Monday, December 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of "Moderate Buy" and an average price target of $41.44.
Get Our Latest Report on Omega Healthcare Investors
Omega Healthcare Investors Stock Performance
Omega Healthcare Investors stock traded down $0.39 on Wednesday, reaching $37.81. 2,122,829 shares of the stock were exchanged, compared to its average volume of 1,670,389. The stock has a market cap of $10.66 billion, a PE ratio of 24.39, a PEG ratio of 1.09 and a beta of 1.00. 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 twelve month low of $29.66 and a twelve month high of $44.42. The firm has a fifty day moving average price of $37.07 and a two-hundred day moving average price of $38.92.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.
Omega Healthcare Investors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio is 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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