World Investment Advisors Increases Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

World Investment Advisors increased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 303.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,794 shares of the real estate investment trust's stock after buying an additional 16,394 shares during the period. World Investment Advisors' holdings in Omega Healthcare Investors were worth $825,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth approximately $110,160,000. Vanguard Group Inc. increased its holdings in Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock valued at $1,440,646,000 after buying an additional 1,809,519 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Omega Healthcare Investors by 22.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after buying an additional 890,912 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth about $20,058,000. Finally, Geode Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock valued at $262,329,000 after acquiring an additional 503,190 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OHI shares. 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 research note on Tuesday, March 18th. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average target price of $42.00.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI traded up $0.17 during trading on Friday, reaching $37.84. The company had a trading volume of 2,946,169 shares, compared to its average volume of 1,833,084. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The stock's fifty day moving average price is $37.15 and its 200 day moving average price is $38.55. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.

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 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. As a group, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.08%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors's payout ratio is 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.