Sumitomo Mitsui Trust Group Inc. Raises Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Sumitomo Mitsui Trust Group Inc. raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 292,381 shares of the real estate investment trust's stock after buying an additional 10,173 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.11% of Omega Healthcare Investors worth $11,067,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in OHI. State of Alaska Department of Revenue raised its position in shares of Omega Healthcare Investors by 7.3% during the fourth quarter. State of Alaska Department of Revenue now owns 160,889 shares of the real estate investment trust's stock worth $6,088,000 after purchasing an additional 10,897 shares during the period. Spirit of America Management Corp NY raised its position in shares of Omega Healthcare Investors by 30.0% during the fourth quarter. Spirit of America Management Corp NY now owns 32,500 shares of the real estate investment trust's stock worth $1,230,000 after purchasing an additional 7,500 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $1,795,000. Yousif Capital Management LLC raised its position in shares of Omega Healthcare Investors by 0.5% during the fourth quarter. Yousif Capital Management LLC now owns 103,341 shares of the real estate investment trust's stock worth $3,911,000 after purchasing an additional 513 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Omega Healthcare Investors by 4.8% during the fourth quarter. Retirement Systems of Alabama now owns 328,235 shares of the real estate investment trust's stock worth $12,424,000 after purchasing an additional 15,023 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

NYSE:OHI traded up $0.05 during trading on Friday, reaching $36.40. The company's stock had a trading volume of 1,542,820 shares, compared to its average volume of 1,912,040. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07. The firm has a 50 day moving average of $37.68 and a 200-day moving average of $39.11. Omega Healthcare Investors, Inc. has a 12 month low of $29.66 and a 12 month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data 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%. Research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.36%. Omega Healthcare Investors's payout ratio is 172.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. BNP Paribas upgraded Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 price target for the company in a report on Thursday, October 31st. BMO Capital Markets upgraded Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a report on Monday, December 9th. Mizuho upped their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada upped their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a "sector perform" rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.67.

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.