Franklin Resources Inc. boosted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,824 shares of the real estate investment trust's stock after buying an additional 42,831 shares during the period. Franklin Resources Inc. owned approximately 0.18% of Omega Healthcare Investors worth $17,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OHI. Geode Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 3.1% during the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust's stock worth $261,589,000 after buying an additional 192,465 shares during the period. State Street Corp lifted its position in Omega Healthcare Investors by 0.9% during the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock worth $502,228,000 after acquiring an additional 114,085 shares during the period. Teacher Retirement System of Texas lifted its position in Omega Healthcare Investors by 69.8% during the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock worth $5,385,000 after acquiring an additional 58,482 shares during the period. Assetmark Inc. grew its stake in Omega Healthcare Investors by 2.9% during the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock valued at $46,401,000 after purchasing an additional 34,463 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new position in shares of Omega Healthcare Investors in the fourth quarter valued at about $1,250,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.
Omega Healthcare Investors Stock Performance
Shares of OHI traded up $0.17 during trading hours on Friday, hitting $37.84. The stock had a trading volume of 2,946,169 shares, compared to its average volume of 1,833,084. The firm has a 50-day moving average price of $37.15 and a 200 day moving average price of $38.55. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.09 and a beta of 0.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.
Omega Healthcare Investors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's payout ratio is currently 172.90%.
Wall Street Analyst Weigh In
A number of research firms recently commented on OHI. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company cut shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, Truist Financial increased 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 note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $42.00.
Check Out Our Latest Analysis on OHI
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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