FIL Ltd lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 425.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,299 shares of the real estate investment trust's stock after acquiring an additional 70,681 shares during the quarter. FIL Ltd's holdings in Omega Healthcare Investors were worth $3,304,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Waterloo Capital L.P. boosted its holdings in shares of Omega Healthcare Investors by 1.2% in the 4th quarter. Waterloo Capital L.P. now owns 98,438 shares of the real estate investment trust's stock valued at $3,726,000 after buying an additional 1,131 shares during the last quarter. Russell Investments Group Ltd. raised its position in Omega Healthcare Investors by 5.2% during the fourth quarter. Russell Investments Group Ltd. now owns 915,460 shares of the real estate investment trust's stock worth $34,650,000 after acquiring an additional 45,562 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Omega Healthcare Investors by 12.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 290,576 shares of the real estate investment trust's stock valued at $10,998,000 after acquiring an additional 32,721 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Omega Healthcare Investors by 6.7% in the 4th quarter. Wedbush Securities Inc. now owns 20,775 shares of the real estate investment trust's stock valued at $786,000 after acquiring an additional 1,306 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth about $4,054,000. Institutional investors own 65.25% of the company's stock.
Omega Healthcare Investors Stock Performance
NYSE:OHI traded up $0.24 during mid-day trading on Friday, hitting $38.54. 2,136,401 shares of the stock were exchanged, compared to its average volume of 1,847,302. 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 firm's 50-day simple moving average is $37.19 and its 200 day simple moving average is $38.50. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted 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 return on equity of 9.71% and a net margin of 38.65%. As a group, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.
Omega Healthcare Investors Dividend Announcement
The firm 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. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.95%. Omega Healthcare Investors's payout ratio is presently 172.90%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on OHI. Wells Fargo & Company downgraded shares of 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. Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Finally, JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $42.00.
Read Our Latest Stock Analysis on Omega Healthcare Investors
Omega Healthcare Investors Company Profile
(
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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