Russell Investments Group Ltd. increased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 915,460 shares of the real estate investment trust's stock after purchasing an additional 45,562 shares during the period. Russell Investments Group Ltd. owned 0.34% of Omega Healthcare Investors worth $34,650,000 at the end of the most recent quarter.
Other hedge funds and 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% during the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust's stock worth $261,589,000 after buying an additional 192,465 shares during the last quarter. State Street Corp grew its position in Omega Healthcare Investors by 0.9% in the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock worth $502,228,000 after acquiring an additional 114,085 shares during the period. Teacher Retirement System of Texas grew its position in Omega Healthcare Investors by 69.8% in the fourth quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock worth $5,385,000 after acquiring an additional 58,482 shares during the period. Assetmark Inc. increased its stake in Omega Healthcare Investors by 2.9% during 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. Finally, Tallon Kerry Patrick purchased a new stake in Omega Healthcare Investors in the fourth quarter valued at $1,250,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
OHI has been the subject of a number of recent analyst reports. Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. Truist Financial boosted their price target 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Omega Healthcare Investors presently has a consensus rating of "Hold" and a consensus price target of $42.00.
Check Out Our Latest Research Report on OHI
Omega Healthcare Investors Stock Up 0.5 %
Shares of OHI traded up $0.17 during midday trading on Friday, hitting $37.84. The company had a trading volume of 2,946,169 shares, compared to its average volume of 1,835,781. The company's 50-day simple moving average is $37.15 and its 200-day simple moving average is $38.53. 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, Inc. has a 1 year low of $29.66 and a 1 year high of $44.42. The firm has a market capitalization of $10.66 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.09 and a beta of 0.75.
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 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%. As a group, sell-side 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 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 7.08%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio is presently 172.90%.
Omega Healthcare Investors Profile
(
Free Report)
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.
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