Omega Healthcare Investors, Inc. (NYSE:OHI) Stake Lifted by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in Omega Healthcare Investors during the 4th quarter worth $26,000. Dunhill Financial LLC acquired a new position in Omega Healthcare Investors in the third quarter worth about $31,000. True Wealth Design LLC bought a new stake in Omega Healthcare Investors in the third quarter valued at about $31,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors in the fourth quarter valued at about $30,000. Finally, Kentucky Trust Co acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $38,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OHI shares. Wells Fargo & Company decreased their target price 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. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Mizuho boosted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. 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 research report on Monday, December 9th. Finally, Truist Financial boosted 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Omega Healthcare Investors currently has an average rating of "Hold" and an average price target of $42.25.

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Omega Healthcare Investors Stock Performance

NYSE:OHI traded down $0.49 during mid-day trading on Tuesday, hitting $37.51. The stock had a trading volume of 1,991,107 shares, compared to its average volume of 1,695,457. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a 50 day simple moving average of $37.10 and a 200-day simple moving average of $38.85. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42.

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 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%. On average, research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 7.14%. Omega Healthcare Investors's payout ratio is 172.90%.

About Omega Healthcare Investors

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.