Legal & General Group Plc lowered its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,640,138 shares of the real estate investment trust's stock after selling 51,324 shares during the period. Legal & General Group Plc owned approximately 0.61% of Omega Healthcare Investors worth $62,079,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC acquired a new position in shares of Omega Healthcare Investors in the fourth quarter worth $26,000. Grove Bank & Trust purchased a new position in Omega Healthcare Investors in the fourth quarter valued at $30,000. Kentucky Trust Co acquired a new position in Omega Healthcare Investors during the 4th quarter worth $38,000. UMB Bank n.a. increased its holdings in Omega Healthcare Investors by 68.6% during the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 454 shares during the period. Finally, V Square Quantitative Management LLC raised its position in Omega Healthcare Investors by 44.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 434 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors Stock Up 0.2 %
Shares of NYSE:OHI traded up $0.08 during trading on Tuesday, hitting $38.22. 2,079,506 shares of the company were exchanged, compared to its average volume of 1,838,596. The firm's 50 day moving average price is $37.14 and its 200-day moving average price is $38.52. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42. 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 $10.77 billion, a P/E ratio of 24.65, a PEG ratio of 1.09 and a beta of 0.75.
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 earnings per share for the quarter, beating 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%. On average, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.
Omega Healthcare Investors Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.01%. Omega Healthcare Investors's dividend payout ratio is presently 172.90%.
Analyst Ratings Changes
OHI has been the subject of a number of analyst reports. Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Finally, JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. 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.com, the stock has a consensus rating of "Hold" and an average target price of $42.00.
Read Our Latest Research Report on Omega Healthcare Investors
Omega Healthcare Investors 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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