Lecap Asset Management Ltd. 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 filing with the Securities & Exchange Commission. The firm bought 28,857 shares of the real estate investment trust's stock, valued at approximately $1,092,000.
Several other large investors have also recently modified their holdings of OHI. State Street Corp boosted its holdings in Omega Healthcare Investors by 0.9% in 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 buying an additional 114,085 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Omega Healthcare Investors by 3.1% in 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 acquiring an additional 192,465 shares during the period. FMR LLC boosted its holdings in shares of Omega Healthcare Investors by 9.9% in the third quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust's stock worth $171,625,000 after acquiring an additional 380,626 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Omega Healthcare Investors by 317.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust's stock valued at $160,739,000 after purchasing an additional 3,003,845 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Omega Healthcare Investors by 6.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust's stock valued at $155,893,000 after purchasing an additional 240,006 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.
Analysts Set New Price Targets
OHI has been the subject of several analyst reports. Mizuho raised their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Berenberg Bank started coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They set a "buy" rating and a $45.00 target price on the stock. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday. BNP Paribas raised shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a report on Thursday, October 31st. Finally, BMO Capital Markets raised shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research note on Monday, December 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.67.
Check Out Our Latest Report on Omega Healthcare Investors
Omega Healthcare Investors Trading Down 2.3 %
OHI traded down $0.84 on Tuesday, hitting $36.03. 2,436,449 shares of the company were exchanged, compared to its average volume of 1,956,880. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07. The firm has a fifty day simple moving average of $37.95 and a two-hundred day simple moving average of $39.12. The stock has a market capitalization of $9.73 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 12 month low of $29.66 and a 12 month high of $44.42.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.
Omega Healthcare Investors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.44%. Omega Healthcare Investors's dividend payout ratio is currently 172.90%.
About Omega Healthcare Investors
(
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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