Sterling Capital Management LLC Buys 6,620 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Sterling Capital Management LLC increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,596 shares of the real estate investment trust's stock after buying an additional 6,620 shares during the period. Sterling Capital Management LLC's holdings in Omega Healthcare Investors were worth $1,574,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OHI. Norges Bank acquired a new position in Omega Healthcare Investors during the 4th quarter valued at about $110,160,000. Vanguard Group Inc. lifted its holdings in Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock valued at $1,440,646,000 after buying an additional 1,809,519 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Omega Healthcare Investors by 22.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after buying an additional 890,912 shares during the period. Raymond James Financial Inc. bought a new position in Omega Healthcare Investors in the fourth quarter valued at approximately $20,058,000. Finally, Geode Capital Management LLC grew its holdings in Omega Healthcare Investors by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after acquiring an additional 503,190 shares during the period. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Up 0.6 %

OHI traded up $0.24 during trading on Friday, hitting $38.54. The company had a trading volume of 2,136,401 shares, compared to its average volume of 1,851,765. The company has a market capitalization of $11.07 billion, a PE ratio of 24.86, a PEG ratio of 1.09 and a beta of 0.75. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a one year low of $29.66 and a one year high of $44.42. The firm's 50-day moving average price is $37.24 and its 200 day moving average price is $38.47.

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

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 172.90%.

Analyst Ratings Changes

A number of analysts have recently commented on OHI shares. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, 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 report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.