Geode Capital Management LLC Raises Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Geode Capital Management LLC raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,929,319 shares of the real estate investment trust's stock after purchasing an additional 503,190 shares during the quarter. Geode Capital Management LLC owned 2.57% of Omega Healthcare Investors worth $262,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. IHT Wealth Management LLC increased its holdings in Omega Healthcare Investors by 86.9% during the third quarter. IHT Wealth Management LLC now owns 13,436 shares of the real estate investment trust's stock valued at $545,000 after buying an additional 6,246 shares during the last quarter. Quarry LP bought a new position in Omega Healthcare Investors in the 3rd quarter worth $70,000. Quantinno Capital Management LP lifted its position in Omega Healthcare Investors by 81.9% during the third quarter. Quantinno Capital Management LP now owns 106,464 shares of the real estate investment trust's stock valued at $4,333,000 after purchasing an additional 47,931 shares in the last quarter. State Street Corp grew its holdings in Omega Healthcare Investors by 0.9% during the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock valued at $502,228,000 after purchasing an additional 114,085 shares during the period. Finally, Wellington Management Group LLP increased its position in Omega Healthcare Investors by 291.4% in the third quarter. Wellington Management Group LLP now owns 291,682 shares of the real estate investment trust's stock worth $11,871,000 after buying an additional 217,168 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

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Omega Healthcare Investors Trading Up 0.2 %

NYSE OHI traded up $0.09 during trading hours on Thursday, hitting $37.65. 459,921 shares of the company were exchanged, compared to its average volume of 1,814,902. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $37.15 and a 200 day moving average price of $38.59. The stock has a market cap of $10.61 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.

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 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.12%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors's payout ratio is currently 172.90%.

Analysts Set New Price Targets

OHI has been the topic of a number of analyst reports. Wells Fargo & Company cut Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Truist Financial raised their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $42.00.

Omega Healthcare Investors 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.