Resona Asset Management Co. Ltd. Acquires New Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Resona Asset Management Co. Ltd. bought a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 107,440 shares of the real estate investment trust's stock, valued at approximately $4,054,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors in the fourth quarter worth $26,000. Grove Bank & Trust purchased a new position in Omega Healthcare Investors in the 4th quarter worth approximately $30,000. Kentucky Trust Co bought a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $38,000. UMB Bank n.a. raised its position 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 valued at $42,000 after purchasing an additional 454 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Omega Healthcare Investors by 44.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $53,000 after buying an additional 434 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock traded up $0.25 during midday trading on Monday, reaching $38.10. 279,430 shares of the company traded hands, compared to its average volume of 1,829,758. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. Omega Healthcare Investors, Inc. has a 12 month low of $29.66 and a 12 month high of $44.42. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The business has a 50 day moving average of $37.15 and a two-hundred day moving average of $38.53.

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Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS 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%. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a yield of 7.03%. Omega Healthcare Investors's dividend payout ratio (DPR) is 172.90%.

Analysts Set New Price Targets

A number of equities analysts recently commented on OHI shares. Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $41.00 to $39.00 in a report on Thursday, March 27th. Truist Financial boosted their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.00.

About Omega Healthcare Investors

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.