Wealthfront Advisers LLC Invests $1.10 Million in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wealthfront Advisers LLC acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,176 shares of the real estate investment trust's stock, valued at approximately $1,104,000.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors during the fourth quarter valued at approximately $26,000. Grove Bank & Trust bought a new position in shares of Omega Healthcare Investors in the 4th quarter worth $30,000. True Wealth Design LLC bought a new position in shares of Omega Healthcare Investors in the 3rd quarter worth $31,000. Dunhill Financial LLC bought a new position in shares of Omega Healthcare Investors in the 3rd quarter worth $31,000. Finally, Kentucky Trust Co bought a new position in shares of Omega Healthcare Investors in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

OHI has been the topic of a number of research analyst reports. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. BMO Capital Markets raised shares of 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. Wells Fargo & Company decreased their price target on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Mizuho increased their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Finally, Truist Financial increased 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.44.

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Omega Healthcare Investors Trading Down 1.0 %

OHI traded down $0.39 during trading on Wednesday, hitting $37.81. 2,122,241 shares of the stock traded hands, compared to its average volume of 1,670,389. The firm has a market capitalization of $10.66 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The firm has a 50-day moving average of $37.07 and a 200 day moving average of $38.92. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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%. Equities research analysts anticipate 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. Shareholders 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 annualized dividend and a yield of 7.09%. Omega Healthcare Investors's payout ratio is currently 172.90%.

Omega Healthcare Investors 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.