Farringdon Capital Ltd. Buys New Shares in Omega Healthcare Investors, Inc. (NYSE:OHI)

Farringdon Capital Ltd. purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,412 shares of the real estate investment trust’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cohen & Steers Inc. boosted its stake in Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock worth $992,467,000 after buying an additional 8,837,218 shares in the last quarter. Norges Bank purchased a new position in Omega Healthcare Investors in the 4th quarter worth $110,160,000. Vanguard Group Inc. lifted its stake in Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock worth $1,440,646,000 after purchasing an additional 1,809,519 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Omega Healthcare Investors by 22.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock valued at $183,205,000 after buying an additional 890,912 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth about $20,058,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on OHI. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.00.

Omega Healthcare Investors Trading Up 0.6 %

NYSE:OHI opened at $38.54 on Friday. Omega Healthcare Investors, Inc. has a one year low of $29.66 and a one year high of $44.42. The company’s 50-day simple moving average is $37.24 and its 200 day simple moving average is $38.48. The firm has a market capitalization of $10.86 billion, a P/E ratio of 24.86, a PEG ratio of 1.09 and a beta of 0.75. 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 quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) 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, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a yield of 6.95%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Omega Healthcare Investors Company 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.