Pictet Asset Management Holding SA Increases Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pictet Asset Management Holding SA raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,064 shares of the real estate investment trust's stock after acquiring an additional 7,739 shares during the quarter. Pictet Asset Management Holding SA's holdings in Omega Healthcare Investors were worth $3,182,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in OHI. Stonebridge Financial Group LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at about $26,000. Grove Bank & Trust bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $30,000. Dunhill Financial LLC acquired a new stake in shares of Omega Healthcare Investors in the third quarter valued at approximately $31,000. Kentucky Trust Co bought a new position in Omega Healthcare Investors in the 4th quarter worth approximately $38,000. Finally, UMB Bank n.a. lifted its holdings in Omega Healthcare Investors by 68.6% during the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock worth $42,000 after buying an additional 454 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of OHI traded up $1.36 during mid-day trading on Wednesday, reaching $37.57. The company had a trading volume of 4,677,632 shares, compared to its average volume of 1,820,035. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.09 and a beta of 0.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company's 50 day simple moving average is $37.15 and its 200 day simple moving average is $38.59. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42.

Remove Ads

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.13%. Omega Healthcare Investors's payout ratio is currently 172.90%.

Analyst Ratings Changes

Several brokerages have recently issued reports on OHI. Truist Financial raised their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. Finally, JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $42.00.

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.