Harbour Investments Inc. Increases Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Harbour Investments Inc. increased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,817 shares of the real estate investment trust’s stock after purchasing an additional 1,215 shares during the quarter. Harbour Investments Inc.’s holdings in Omega Healthcare Investors were worth $296,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in OHI. Stonebridge Financial Group LLC bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $26,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors in the 4th quarter valued at $30,000. True Wealth Design LLC bought a new stake in Omega Healthcare Investors in the 3rd quarter valued at $31,000. Dunhill Financial LLC purchased a new stake in Omega Healthcare Investors in the 3rd quarter worth $31,000. Finally, Kentucky Trust Co bought a new position in shares of Omega Healthcare Investors during the 4th quarter valued at about $38,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OHI has been the topic of several research reports. Wells Fargo & Company reduced their target price on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. 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. Truist Financial boosted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Mizuho boosted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.44.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $37.40 on Friday. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. 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 firm has a 50 day moving average of $37.08 and a 200 day moving average of $38.89.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 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.