Knights of Columbus Asset Advisors LLC Raises Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Knights of Columbus Asset Advisors LLC increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 22.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 195,081 shares of the real estate investment trust’s stock after buying an additional 35,926 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Omega Healthcare Investors were worth $7,384,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Johnson Investment Counsel Inc. boosted its stake in Omega Healthcare Investors by 2.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 295 shares in the last quarter. US Bancorp DE increased its stake in shares of Omega Healthcare Investors by 1.9% in the 4th quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust’s stock worth $612,000 after purchasing an additional 309 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Omega Healthcare Investors by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,975 shares of the real estate investment trust’s stock worth $2,075,000 after buying an additional 325 shares during the period. Natixis Advisors LLC lifted its holdings in Omega Healthcare Investors by 1.1% during the third quarter. Natixis Advisors LLC now owns 31,711 shares of the real estate investment trust’s stock valued at $1,291,000 after purchasing an additional 331 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its stake in Omega Healthcare Investors by 1.6% in the 4th quarter. Simon Quick Advisors LLC now owns 21,586 shares of the real estate investment trust’s stock worth $817,000 after buying an additional 350 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OHI has been the topic of several recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 9th. Wells Fargo & Company reduced their price objective 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, Mizuho lifted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.44.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $37.40 on Friday. The business has a 50 day simple moving average of $37.08 and a two-hundred day simple moving average of $38.89. Omega Healthcare Investors, Inc. has a 12 month low of $29.66 and a 12 month high of $44.42. The stock has a market capitalization of $10.54 billion, a P/E ratio of 24.13, a PEG 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 (NYSE:OHI) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. As a group, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

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

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.