Vestcor Inc Buys 33,728 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Vestcor Inc increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 1,274.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,375 shares of the real estate investment trust's stock after acquiring an additional 33,728 shares during the quarter. Vestcor Inc's holdings in Omega Healthcare Investors were worth $1,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new stake in Omega Healthcare Investors in the fourth quarter worth approximately $26,000. Dunhill Financial LLC bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $31,000. True Wealth Design LLC bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $31,000. Grove Bank & Trust bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $30,000. Finally, Kentucky Trust Co bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $38,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

OHI stock traded down $0.39 during midday trading on Wednesday, hitting $37.81. The company's stock had a trading volume of 2,122,828 shares, compared to its average volume of 1,670,389. The stock's 50-day moving average price is $37.07 and its 200 day moving average price is $38.92. 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 1 year low of $29.66 and a 1 year high of $44.42. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.09 and a beta of 1.00.

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

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were given a dividend of $0.67 per share. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.09%. Omega Healthcare Investors's dividend payout ratio is presently 172.90%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OHI. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Mizuho lifted their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Wells Fargo & Company cut their target price on Omega Healthcare Investors from $43.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. BMO Capital Markets raised Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Monday, December 9th. Finally, Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.44.

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.