Vanguard Group Inc. Purchases 1,809,519 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Vanguard Group Inc. lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,061,982 shares of the real estate investment trust’s stock after buying an additional 1,809,519 shares during the period. Vanguard Group Inc. owned about 14.10% of Omega Healthcare Investors worth $1,440,646,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $26,000. Dunhill Financial LLC bought a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at $31,000. True Wealth Design LLC purchased a new position in Omega Healthcare Investors in the 3rd quarter worth $31,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors in the fourth quarter worth $30,000. Finally, Kentucky Trust Co purchased a new stake in Omega Healthcare Investors during the fourth quarter valued at about $38,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $37.50 on Friday. Omega Healthcare Investors, Inc. has a 1 year low of $29.66 and a 1 year high of $44.42. The stock has a market capitalization of $10.57 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.09 and a beta of 1.00. The company’s 50-day moving average is $37.10 and its 200 day moving average is $38.83. 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 announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OHI shares. 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 report on Tuesday, March 18th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Mizuho upped their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $41.00 to $39.00 in a report on Thursday. Finally, BMO Capital Markets raised 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 research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.00.

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.