Portland Financial Advisors Inc Invests $1.87 Million in Omega Healthcare Investors, Inc. (NYSE:OHI)

Portland Financial Advisors Inc acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 49,391 shares of the real estate investment trust's stock, valued at approximately $1,869,000. Omega Healthcare Investors comprises about 5.0% of Portland Financial Advisors Inc's portfolio, making the stock its 5th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 3.1% in the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust's stock worth $261,589,000 after acquiring an additional 192,465 shares in the last quarter. State Street Corp increased its stake in Omega Healthcare Investors by 0.9% during the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock worth $502,228,000 after purchasing an additional 114,085 shares in the last quarter. Assetmark Inc. raised its holdings in Omega Healthcare Investors by 1.7% during the 3rd quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust's stock worth $48,492,000 after buying an additional 19,542 shares during the period. Tallon Kerry Patrick acquired a new stake in Omega Healthcare Investors during the 4th quarter worth approximately $1,250,000. Finally, BNP Paribas Financial Markets lifted its stake in Omega Healthcare Investors by 120.8% in the third quarter. BNP Paribas Financial Markets now owns 226,338 shares of the real estate investment trust's stock valued at $9,212,000 after buying an additional 123,836 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analyst Weigh In

OHI has been the subject of several research reports. Mizuho increased their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. BMO Capital Markets upgraded Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a report on Monday, December 9th. BNP Paribas raised Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.67.

Omega Healthcare Investors Stock Up 0.6 %

Shares of NYSE:OHI traded up $0.22 during midday trading on Thursday, reaching $36.84. The company had a trading volume of 1,383,183 shares, compared to its average volume of 1,978,844. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The stock has a market cap of $10.38 billion, a PE ratio of 23.77, a P/E/G ratio of 1.09 and a beta of 0.99. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The business's 50 day moving average price is $37.25 and its 200 day moving average price is $39.03.

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

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio is currently 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.