Geode Capital Management LLC Increases Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Geode Capital Management LLC raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,929,319 shares of the real estate investment trust’s stock after acquiring an additional 503,190 shares during the period. Geode Capital Management LLC’s holdings in Omega Healthcare Investors were worth $262,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of OHI. HighPoint Advisor Group LLC grew its position in Omega Healthcare Investors by 1.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 29,301 shares of the real estate investment trust’s stock valued at $1,056,000 after purchasing an additional 342 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Omega Healthcare Investors by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 472,824 shares of the real estate investment trust’s stock valued at $17,896,000 after buying an additional 42,831 shares during the last quarter. Summit Financial LLC increased its position in shares of Omega Healthcare Investors by 6.4% during the fourth quarter. Summit Financial LLC now owns 32,599 shares of the real estate investment trust’s stock valued at $1,234,000 after acquiring an additional 1,974 shares in the last quarter. Wellington Management Group LLP raised its holdings in Omega Healthcare Investors by 16.6% in the 4th quarter. Wellington Management Group LLP now owns 340,073 shares of the real estate investment trust’s stock worth $12,872,000 after acquiring an additional 48,391 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Omega Healthcare Investors by 27.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,064 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 2,185 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OHI has been the subject of a number of research analyst reports. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 9th. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. Truist Financial raised their price target 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $37.37 on Friday. The company has a market cap of $10.53 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.09 and a beta of 0.75. The business’s 50 day moving average price is $37.18 and its 200-day moving average price is $38.72. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week 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 announced 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%. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given 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 7.17%. Omega Healthcare Investors’s dividend payout ratio (DPR) 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.