Advisors Capital Management LLC Has $28.84 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Advisors Capital Management LLC raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 761,858 shares of the real estate investment trust's stock after acquiring an additional 31,072 shares during the quarter. Advisors Capital Management LLC owned approximately 0.28% of Omega Healthcare Investors worth $28,836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in Omega Healthcare Investors by 291.4% during the 3rd quarter. Wellington Management Group LLP now owns 291,682 shares of the real estate investment trust's stock worth $11,871,000 after buying an additional 217,168 shares in the last quarter. MML Investors Services LLC raised its holdings in Omega Healthcare Investors by 17.7% during the third quarter. MML Investors Services LLC now owns 30,455 shares of the real estate investment trust's stock worth $1,240,000 after acquiring an additional 4,576 shares in the last quarter. M&T Bank Corp boosted its position in Omega Healthcare Investors by 1.2% during the third quarter. M&T Bank Corp now owns 29,784 shares of the real estate investment trust's stock valued at $1,212,000 after purchasing an additional 367 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Omega Healthcare Investors by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust's stock worth $261,589,000 after purchasing an additional 192,465 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $332,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OHI has been the topic of several analyst reports. Wells Fargo & Company lowered shares of 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 report on Thursday, March 27th. Truist Financial boosted 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $42.00.

Omega Healthcare Investors Price Performance

Shares of OHI traded up $0.24 during trading hours on Friday, hitting $38.54. 2,136,401 shares of the company were exchanged, compared to its average volume of 1,847,302. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.09 and a beta of 0.75. The firm's fifty day moving average is $37.19 and its 200 day moving average is $38.50. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a $0.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.68 annualized dividend and a yield of 6.95%. Omega Healthcare Investors's dividend payout ratio is presently 172.90%.

Omega Healthcare Investors 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.