LPL Financial LLC Purchases 11,308 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

LPL Financial LLC boosted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480,881 shares of the real estate investment trust's stock after acquiring an additional 11,308 shares during the quarter. LPL Financial LLC owned about 0.18% of Omega Healthcare Investors worth $18,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OHI. Stonebridge Financial Group LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter valued at approximately $26,000. Grove Bank & Trust bought a new position in Omega Healthcare Investors during the fourth quarter valued at $30,000. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors in the third quarter valued at $31,000. Dunhill Financial LLC bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth about $31,000. Finally, Kentucky Trust Co purchased a new position in shares of Omega Healthcare Investors during the 4th quarter worth about $38,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OHI has been the subject of several analyst reports. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. BMO Capital Markets raised Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research report on Monday, December 9th. Finally, 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 research report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $42.00.

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Omega Healthcare Investors Stock Down 3.3 %

Shares of OHI traded down $1.28 during midday trading on Friday, reaching $37.37. 3,310,697 shares of the stock were exchanged, compared to its average volume of 1,793,563. 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 current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. The company's 50 day moving average is $37.18 and its two-hundred day moving average is $38.72.

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%. On average, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.17%. Omega Healthcare Investors's dividend payout ratio is currently 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.