KLP Kapitalforvaltning AS bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,200 shares of the real estate investment trust's stock, valued at approximately $2,544,000.
A number of other hedge funds also recently bought and sold shares of OHI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Omega Healthcare Investors by 328.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,661,964 shares of the real estate investment trust's stock worth $67,642,000 after acquiring an additional 1,274,238 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Omega Healthcare Investors by 22.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after purchasing an additional 890,912 shares during the last quarter. Raymond James Financial Inc. bought a new position in Omega Healthcare Investors in the fourth quarter worth about $20,058,000. FMR LLC boosted its holdings in shares of Omega Healthcare Investors by 9.9% in the 3rd quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust's stock valued at $171,625,000 after buying an additional 380,626 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Omega Healthcare Investors by 34.1% in the 4th quarter. Sei Investments Co. now owns 1,386,708 shares of the real estate investment trust's stock worth $52,487,000 after buying an additional 352,367 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.
Omega Healthcare Investors Stock Performance
Shares of OHI stock traded up $0.58 during trading hours on Friday, hitting $38.08. The company's stock had a trading volume of 1,409,521 shares, compared to its average volume of 1,769,437. The stock has a market cap of $10.73 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42. The company has a 50 day moving average of $37.11 and a 200 day moving average of $38.80. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data 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, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.
Omega Healthcare Investors Dividend Announcement
The company 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. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.04%. Omega Healthcare Investors's payout ratio is 172.90%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. BMO Capital Markets upgraded 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 note on Monday, December 9th. Wells Fargo & Company cut shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $41.00 to $39.00 in a research note on Thursday. Truist Financial upped their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Finally, Mizuho lifted their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $42.00.
Read 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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