Edge Asset Management Inc. increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 37.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,914,225 shares of the real estate investment trust’s stock after buying an additional 788,821 shares during the period. Edge Asset Management Inc. owned approximately 1.49% of Omega Healthcare Investors worth $91,098,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Omega Healthcare Investors by 17.5% in the third quarter. BlackRock Fund Advisors now owns 8,348,043 shares of the real estate investment trust’s stock valued at $295,938,000 after buying an additional 1,243,370 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Omega Healthcare Investors by 8.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,103,006 shares of the real estate investment trust’s stock worth $251,802,000 after buying an additional 567,455 shares during the last quarter. State Street Corp raised its position in Omega Healthcare Investors by 2.8% in the fourth quarter. State Street Corp now owns 5,873,313 shares of the real estate investment trust’s stock worth $183,591,000 after buying an additional 158,276 shares during the last quarter. Shinko Asset Management Co. Ltd. raised its position in Omega Healthcare Investors by 17.6% in the third quarter. Shinko Asset Management Co. Ltd. now owns 5,454,868 shares of the real estate investment trust’s stock worth $193,375,000 after buying an additional 818,229 shares during the last quarter. Finally, Morgan Stanley raised its position in Omega Healthcare Investors by 17.0% in the third quarter. Morgan Stanley now owns 5,358,402 shares of the real estate investment trust’s stock worth $189,955,000 after buying an additional 780,102 shares during the last quarter. Institutional investors own 78.78% of the company’s stock.
Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) traded down 1.67% on Tuesday, hitting $31.28. The stock had a trading volume of 1,692,139 shares. The company has a market cap of $6.14 billion, a P/E ratio of 16.45 and a beta of 0.51. Omega Healthcare Investors, Inc. has a 52-week low of $28.11 and a 52-week high of $38.09. The company has a 50-day moving average of $32.04 and a 200-day moving average of $32.85.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.40. The company earned $234.49 million during the quarter, compared to analyst estimates of $195.14 million. Omega Healthcare Investors had a return on equity of 8.86% and a net margin of 40.67%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.81 earnings per share. On average, equities analysts anticipate that Omega Healthcare Investors, Inc. will post $2.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be given a $0.62 dividend. The ex-dividend date is Friday, January 27th. This represents a $2.48 annualized dividend and a yield of 7.93%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.61. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 131.22%.
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A number of research analysts have commented on the company. Zacks Investment Research raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Thursday, December 8th. Jefferies Group LLC set a $35.00 price target on Omega Healthcare Investors and gave the company a “buy” rating in a research report on Friday, November 11th. Finally, TheStreet lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Friday, November 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Omega Healthcare Investors currently has an average rating of “Buy” and a consensus price target of $37.78.
About Omega Healthcare Investors
Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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