Geode Capital Management LLC Increases Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Geode Capital Management LLC increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,929,319 shares of the real estate investment trust’s stock after purchasing an additional 503,190 shares during the quarter. Geode Capital Management LLC owned 2.57% of Omega Healthcare Investors worth $262,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Johnson Investment Counsel Inc. increased its holdings in shares of Omega Healthcare Investors by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 295 shares during the period. US Bancorp DE grew its position in Omega Healthcare Investors by 1.9% during the 4th quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 309 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in Omega Healthcare Investors by 1.5% in the 4th quarter. Samalin Investment Counsel LLC now owns 21,582 shares of the real estate investment trust’s stock worth $817,000 after purchasing an additional 314 shares during the period. Loomis Sayles & Co. L P lifted its position in Omega Healthcare Investors by 27.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 319 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Omega Healthcare Investors by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,975 shares of the real estate investment trust’s stock valued at $2,075,000 after purchasing an additional 325 shares during the period. 65.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OHI has been the topic of several analyst reports. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. 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. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial upped their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.00.

Omega Healthcare Investors Stock Down 3.3 %

OHI stock opened at $37.37 on Friday. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The business’s 50 day moving average price is $37.18 and its two-hundred day moving average price is $38.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share 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%. As a group, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

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