Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,602 shares of the real estate investment trust's stock after acquiring an additional 31,860 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.20% of Omega Healthcare Investors worth $20,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its position in shares of Omega Healthcare Investors by 69.8% during the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock worth $5,385,000 after purchasing an additional 58,482 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Omega Healthcare Investors by 2.9% in the fourth quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock worth $46,401,000 after acquiring an additional 34,463 shares during the last quarter. Tallon Kerry Patrick acquired a new position in shares of Omega Healthcare Investors in the fourth quarter worth $1,250,000. JPMorgan Chase & Co. boosted its stake in shares of Omega Healthcare Investors by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 1,995,825 shares of the real estate investment trust's stock valued at $81,230,000 after acquiring an additional 103,010 shares during the last quarter. Finally, Advisors Capital Management LLC raised its stake in Omega Healthcare Investors by 4.3% in the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock valued at $28,836,000 after purchasing an additional 31,072 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial increased 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $42.00.

Omega Healthcare Investors Trading Down 0.5 %

Shares of NYSE:OHI traded down $0.20 during trading on Thursday, reaching $37.82. 2,138,732 shares of the stock were exchanged, compared to its average volume of 1,863,168. The firm's 50-day moving average price is $37.35 and its 200 day moving average price is $38.45. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a 12-month low of $30.26 and a 12-month high of $44.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data 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 fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is presently 172.90%.

Omega Healthcare Investors Company 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.