Omega Healthcare Investors, Inc. (NYSE:OHI) Stock Position Raised by Cetera Investment Advisers

Cetera Investment Advisers raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,096 shares of the real estate investment trust’s stock after purchasing an additional 4,943 shares during the period. Cetera Investment Advisers’ holdings in Omega Healthcare Investors were worth $3,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management acquired a new position in shares of Omega Healthcare Investors during the 4th quarter valued at about $217,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Omega Healthcare Investors by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 21,971 shares of the real estate investment trust’s stock valued at $832,000 after acquiring an additional 363 shares during the last quarter. Tallon Kerry Patrick acquired a new position in shares of Omega Healthcare Investors during the 4th quarter valued at about $1,250,000. Merit Financial Group LLC increased its holdings in shares of Omega Healthcare Investors by 22.5% during the 4th quarter. Merit Financial Group LLC now owns 34,075 shares of the real estate investment trust’s stock valued at $1,290,000 after acquiring an additional 6,258 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in shares of Omega Healthcare Investors by 8.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 25,919 shares of the real estate investment trust’s stock valued at $981,000 after acquiring an additional 2,024 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on OHI. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Truist Financial raised their target price 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, Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $41.00 to $39.00 in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Stock Performance

OHI opened at $36.33 on Friday. The firm has a market capitalization of $10.51 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The stock’s 50 day moving average price is $37.42 and its two-hundred day moving average price is $38.03. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 12-month low of $30.48 and a 12-month high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data 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 return on equity of 9.71% and a net margin of 38.65%. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same quarter last year, the firm earned $0.68 EPS. Omega Healthcare Investors’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors’s payout ratio is presently 166.46%.

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.