Wedbush Securities Inc. Buys 1,306 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Wedbush Securities Inc. grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,775 shares of the real estate investment trust’s stock after purchasing an additional 1,306 shares during the quarter. Wedbush Securities Inc.’s holdings in Omega Healthcare Investors were worth $786,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Omega Healthcare Investors in the 4th quarter worth approximately $110,160,000. Vanguard Group Inc. increased its position in Omega Healthcare Investors by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock valued at $1,440,646,000 after purchasing an additional 1,809,519 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Omega Healthcare Investors by 22.6% in the 4th 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 during the period. Raymond James Financial Inc. bought a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at about $20,058,000. Finally, Geode Capital Management LLC increased its position in shares of Omega Healthcare Investors by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust’s stock valued at $262,329,000 after buying an additional 503,190 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OHI has been the subject of several research reports. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. BMO Capital Markets upgraded 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 shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $41.00 to $39.00 in a report on Thursday, March 27th. Finally, Truist Financial increased their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors currently has an average rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Trading Down 2.9 %

Shares of NYSE OHI opened at $36.26 on Tuesday. The firm’s 50 day moving average price is $37.15 and its 200-day moving average price is $38.67. Omega Healthcare Investors, Inc. has a 52-week low of $29.66 and a 52-week high of $44.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company has a market cap of $10.22 billion, a PE ratio of 23.39, a P/E/G ratio of 1.09 and a beta of 0.75.

Omega Healthcare Investors (NYSE:OHI) last issued its 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%. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared 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 7.39%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s payout ratio is presently 172.90%.

About Omega Healthcare Investors

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.