HighTower Advisors LLC Acquires 11,286 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

HighTower Advisors LLC boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,860 shares of the real estate investment trust's stock after acquiring an additional 11,286 shares during the period. HighTower Advisors LLC's holdings in Omega Healthcare Investors were worth $2,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OHI. Stonebridge Financial Group LLC bought a new position in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $26,000. Dunhill Financial LLC bought a new position in Omega Healthcare Investors in the 3rd quarter worth $31,000. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth about $31,000. Grove Bank & Trust purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter worth about $30,000. Finally, Kentucky Trust Co bought a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock traded up $0.18 during trading on Wednesday, hitting $37.68. 1,656,011 shares of the company's stock traded hands, compared to its average volume of 1,695,947. Omega Healthcare Investors, Inc. has a 1 year low of $29.66 and a 1 year high of $44.42. The business has a 50-day simple moving average of $37.10 and a 200-day simple moving average of $38.85. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The stock has a market capitalization of $10.62 billion, a P/E ratio of 24.31, a PEG ratio of 1.09 and a beta of 1.00.

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Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results 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 net margin of 38.65% and a return on equity of 9.71%. As a group, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.11%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 172.90%.

Wall Street Analyst Weigh In

OHI has been the subject of several research analyst reports. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Monday, December 9th. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Mizuho raised their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their price target on Omega Healthcare Investors from $43.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.25.

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.