Spirit of America Management Corp NY lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,500 shares of the real estate investment trust's stock after buying an additional 7,500 shares during the quarter. Spirit of America Management Corp NY's holdings in Omega Healthcare Investors were worth $1,230,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Omega Healthcare Investors by 353.4% in the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 516 shares in the last quarter. Dunhill Financial LLC purchased a new position in Omega Healthcare Investors during the third quarter valued at approximately $31,000. True Wealth Design LLC purchased a new position in Omega Healthcare Investors during the third quarter valued at approximately $31,000. DiNuzzo Private Wealth Inc. purchased a new stake in Omega Healthcare Investors during the third quarter worth $33,000. Finally, Grove Bank & Trust bought a new stake in Omega Healthcare Investors during the fourth quarter valued at about $30,000. 65.25% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors Stock Performance
Shares of OHI stock traded down $0.12 during trading hours on Friday, hitting $37.94. The company's stock had a trading volume of 2,468,451 shares, compared to its average volume of 1,912,040. The stock has a market cap of $10.24 billion, a PE ratio of 24.48, 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 $29.17 and a 12-month high of $44.42. The company has a 50 day moving average of $38.00 and a 200 day moving average of $39.07. The company has a current ratio of 7.07, a quick ratio of 6.48 and a debt-to-equity ratio of 1.02.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating 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 forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.
Omega Healthcare Investors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.06%. The ex-dividend date is Monday, February 10th. Omega Healthcare Investors's dividend payout ratio is currently 172.90%.
Analyst Upgrades and Downgrades
OHI has been the subject of a number of analyst reports. BNP Paribas raised shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, October 31st. Royal Bank of Canada raised their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Monday, November 11th. Berenberg Bank began coverage on Omega Healthcare Investors in a research 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. Finally, BMO Capital Markets upgraded shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Monday, December 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.67.
Read Our Latest Analysis on OHI
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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