New Age Alpha Advisors LLC Invests $1.95 Million in Omega Healthcare Investors, Inc. (NYSE:OHI)

New Age Alpha Advisors LLC acquired a new position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,611 shares of the real estate investment trust's stock, valued at approximately $1,953,000.

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

Omega Healthcare Investors Stock Down 3.3 %

OHI stock traded down $1.28 during midday trading on Friday, reaching $37.37. The company had a trading volume of 3,310,697 shares, compared to its average volume of 1,792,290. Omega Healthcare Investors, Inc. has a 1 year low of $29.66 and a 1 year high of $44.42. 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 market capitalization of $10.53 billion, a P/E ratio of 24.11, a PEG ratio of 1.09 and a beta of 1.00. The company has a 50 day moving average of $37.18 and a two-hundred day moving average of $38.73.

Remove Ads

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 for the quarter, topping the consensus estimate 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, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

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 dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.17%. Omega Healthcare Investors's dividend payout ratio (DPR) is 172.90%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OHI. Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company cut Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Mizuho boosted their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Finally, BMO Capital Markets raised 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 research note on Monday, December 9th. 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.com, the company currently has an average rating of "Hold" and an average price target of $42.00.

Omega Healthcare Investors Company 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.