Vestcor Inc Acquires 33,728 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Vestcor Inc lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1,274.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,375 shares of the real estate investment trust’s stock after purchasing an additional 33,728 shares during the quarter. Vestcor Inc’s holdings in Omega Healthcare Investors were worth $1,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in OHI. Swiss National Bank raised its stake in Omega Healthcare Investors by 5.1% during the fourth quarter. Swiss National Bank now owns 507,100 shares of the real estate investment trust’s stock valued at $19,194,000 after buying an additional 24,700 shares during the last quarter. Securian Asset Management Inc. raised its position in shares of Omega Healthcare Investors by 1.8% in the 4th quarter. Securian Asset Management Inc. now owns 20,407 shares of the real estate investment trust’s stock worth $772,000 after purchasing an additional 358 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Omega Healthcare Investors by 21.1% in the 4th quarter. HighTower Advisors LLC now owns 64,860 shares of the real estate investment trust’s stock worth $2,455,000 after purchasing an additional 11,286 shares during the last quarter. Wealthfront Advisers LLC bought a new position in Omega Healthcare Investors in the 4th quarter worth about $1,104,000. Finally, GC Wealth Management RIA LLC grew its position in Omega Healthcare Investors by 84.0% during the 4th quarter. GC Wealth Management RIA LLC now owns 11,489 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 5,244 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

OHI stock opened at $37.62 on Friday. The company has a market cap of $10.60 billion, a P/E ratio of 24.27, 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. 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 $37.03 and its 200-day moving average price is $38.94.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results 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 analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a $0.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.68 annualized dividend and a yield of 7.12%. Omega Healthcare Investors’s payout ratio is presently 172.90%.

Wall Street Analyst Weigh In

OHI has been the subject of several recent analyst reports. Mizuho lifted their target price 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. 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 report on Monday, December 9th. Wells Fargo & Company cut their target price on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.44.

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.