Arizona State Retirement System Purchases 3,677 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Arizona State Retirement System raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,828 shares of the real estate investment trust’s stock after buying an additional 3,677 shares during the quarter. Arizona State Retirement System’s holdings in Omega Healthcare Investors were worth $2,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth approximately $26,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors during the fourth quarter worth $30,000. True Wealth Design LLC acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at $31,000. Dunhill Financial LLC bought a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at $31,000. Finally, Kentucky Trust Co acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth $38,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on OHI shares. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 9th. Mizuho raised their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Omega Healthcare Investors Trading Up 2.5 %

OHI opened at $36.87 on Monday. 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, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The company’s 50 day moving average price is $37.11 and its two-hundred day moving average price is $39.00. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data 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 net margin of 38.65% and a return on equity of 9.71%. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.27%. Omega Healthcare Investors’s payout ratio is 172.90%.

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.