Cohen & Steers Inc. Grows Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cohen & Steers Inc. raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 50.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,222,898 shares of the real estate investment trust’s stock after buying an additional 8,837,218 shares during the period. Omega Healthcare Investors comprises about 1.9% of Cohen & Steers Inc.’s portfolio, making the stock its 18th largest holding. Cohen & Steers Inc. owned approximately 9.71% of Omega Healthcare Investors worth $992,467,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its position in shares of Omega Healthcare Investors by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 54,069 shares of the real estate investment trust’s stock worth $2,047,000 after purchasing an additional 1,171 shares in the last quarter. Advisors Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 4.3% in the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust’s stock worth $28,836,000 after buying an additional 31,072 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in Omega Healthcare Investors during the fourth quarter worth about $206,000. Melia Wealth LLC grew its stake in Omega Healthcare Investors by 1.7% during the 4th quarter. Melia Wealth LLC now owns 232,873 shares of the real estate investment trust’s stock valued at $8,814,000 after acquiring an additional 3,885 shares in the last quarter. Finally, Cornerstone Enterprises LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at about $4,852,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $37.84 on Monday. The business has a 50-day simple moving average of $37.15 and a 200-day simple moving average of $38.53. The company has a market cap of $10.66 billion, a PE ratio of 24.41, a P/E/G ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a one year low of $29.66 and a one year high of $44.42. 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 released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) 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%. On average, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid 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 7.08%. Omega Healthcare Investors’s dividend payout ratio is currently 172.90%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OHI shares. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Truist Financial boosted 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.00.

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.