Summit Financial LLC Raises Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Summit Financial LLC raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,599 shares of the real estate investment trust’s stock after purchasing an additional 1,974 shares during the quarter. Summit Financial LLC’s holdings in Omega Healthcare Investors were worth $1,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $26,000. Grove Bank & Trust purchased a new stake in Omega Healthcare Investors in the 4th quarter worth approximately $30,000. Dunhill Financial LLC acquired a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $31,000. Kentucky Trust Co purchased a new position in shares of Omega Healthcare Investors during the 4th quarter valued at approximately $38,000. Finally, UMB Bank n.a. lifted its stake in shares of Omega Healthcare Investors by 68.6% in the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 454 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $38.06 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The stock’s 50 day simple moving average is $37.13 and its 200-day simple moving average is $38.76. The company has a market cap of $10.73 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share 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%. As a group, equities research analysts anticipate 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 172.90%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OHI shares. Mizuho lifted their price objective 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 Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Truist Financial raised their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.