Alliancebernstein L.P. Has $27.59 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Alliancebernstein L.P. cut its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 728,999 shares of the real estate investment trust’s stock after selling 11,910 shares during the quarter. Alliancebernstein L.P.’s holdings in Omega Healthcare Investors were worth $27,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Omega Healthcare Investors by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after buying an additional 192,465 shares during the last quarter. State Street Corp grew its stake in shares of Omega Healthcare Investors by 0.9% in the 3rd 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 in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of 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 valued at $5,385,000 after purchasing an additional 58,482 shares during the last quarter. Assetmark Inc. lifted its position in shares of 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 valued at $46,401,000 after purchasing an additional 34,463 shares in the last quarter. Finally, Tallon Kerry Patrick purchased a new position in Omega Healthcare Investors during the fourth quarter worth about $1,250,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $37.37 on Monday. 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 market cap of $10.53 billion, a PE ratio of 24.11, a PEG ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a 1 year low of $29.66 and a 1 year high of $44.42. The stock’s fifty day moving average price is $37.18 and its two-hundred day moving average price is $38.70.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (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 research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.17%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Wall Street Analysts Forecast Growth

OHI has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Monday, December 9th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Truist Financial upped their price objective on 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, Wells Fargo & Company lowered 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 research report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.00.

Omega Healthcare Investors Company 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.