Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 776,715 shares of the real estate investment trust’s stock after buying an additional 28,921 shares during the period. Ameriprise Financial Inc. owned 0.29% of Omega Healthcare Investors worth $29,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC acquired a new stake in Omega Healthcare Investors during the 4th quarter worth approximately $26,000. Grove Bank & Trust purchased a new position in Omega Healthcare Investors during the 4th quarter valued at about $30,000. Kentucky Trust Co acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $38,000. UMB Bank n.a. increased its position in Omega Healthcare Investors by 68.6% during the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 454 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Omega Healthcare Investors by 44.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 434 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OHI. Truist Financial increased their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their price objective 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $36.40 on Wednesday. Omega Healthcare Investors, Inc. has a one year low of $30.48 and a one year high of $44.42. The company has a market cap of $10.53 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.09 and a beta of 0.73. The firm’s fifty day moving average price is $37.47 and its two-hundred day moving average price is $38.08. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 13.8% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.36%. Omega Healthcare Investors’s payout ratio is 166.46%.

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.