Omega Healthcare Investors, Inc. (NYSE:OHI) Stake Reduced by KBC Group NV

KBC Group NV reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,222 shares of the real estate investment trust’s stock after selling 12,339 shares during the quarter. KBC Group NV’s holdings in Omega Healthcare Investors were worth $503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OHI. Cohen & Steers Inc. grew its stake in shares of Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock worth $992,467,000 after purchasing an additional 8,837,218 shares in the last quarter. Norges Bank bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth $110,160,000. Vanguard Group Inc. grew its stake in shares of 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 worth $1,440,646,000 after purchasing an additional 1,809,519 shares in the last quarter. Northern Trust Corp grew its stake in shares of Omega Healthcare Investors by 49.4% in the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust’s stock worth $123,951,000 after purchasing an additional 1,083,326 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of 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 worth $183,205,000 after purchasing an additional 890,912 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.4%

Shares of Omega Healthcare Investors stock opened at $36.64 on Friday. The stock has a 50-day moving average price of $36.82 and a 200 day moving average price of $37.20. The company has a market cap of $10.60 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.15 and a beta of 0.68. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90. Omega Healthcare Investors, Inc. has a 1 year low of $33.43 and a 1 year high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same period in the prior year, the firm posted $0.68 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors’s payout ratio is currently 166.46%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. 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 report on Tuesday, March 18th. Wells Fargo & Company reduced their target price on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.88.

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.