Cornerstone Select Advisors LLC Invests $690,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cornerstone Select Advisors LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,225 shares of the real estate investment trust’s stock, valued at approximately $690,000.

A number of other large investors have also recently bought and sold shares of OHI. Teacher Retirement System of Texas raised its holdings in shares of Omega Healthcare Investors by 69.8% in the fourth quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust’s stock valued at $5,385,000 after buying an additional 58,482 shares during the last quarter. Assetmark Inc. increased its position in Omega Healthcare Investors by 2.9% in the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock valued at $46,401,000 after acquiring an additional 34,463 shares during the period. Tallon Kerry Patrick purchased a new stake in Omega Healthcare Investors during the 4th quarter valued at approximately $1,250,000. Advisors Capital Management LLC lifted its position in Omega Healthcare Investors by 4.3% during the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust’s stock worth $28,836,000 after acquiring an additional 31,072 shares during the period. Finally, Cookson Peirce & Co. Inc. grew its stake in shares of Omega Healthcare Investors by 4.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust’s stock valued at $13,934,000 after purchasing an additional 14,883 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $35.90 on Wednesday. The firm’s fifty day simple moving average is $37.59 and its 200-day simple moving average is $38.28. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The stock has a market cap of $10.31 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a fifty-two week low of $30.48 and a fifty-two week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.47%. Omega Healthcare Investors’s dividend payout ratio is presently 166.46%.

Wall Street Analyst Weigh In

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

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.