Portfolio Design Labs LLC Purchases Shares of 5,962 Omega Healthcare Investors, Inc. (NYSE:OHI)

Portfolio Design Labs LLC purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,962 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Several other institutional investors have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $26,000. UMB Bank n.a. boosted its holdings in shares of Omega Healthcare Investors by 353.4% during the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 516 shares during the period. Grove Bank & Trust purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $30,000. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors during the third quarter worth about $31,000. Finally, Dunhill Financial LLC purchased a new stake in shares of Omega Healthcare Investors during the third quarter worth about $31,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OHI shares. Royal Bank of Canada increased their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Berenberg Bank started coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price target for the company. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Monday, December 9th. BNP Paribas raised shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Thursday, October 31st. Finally, Mizuho increased their price target on shares of 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $35.74 on Thursday. 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 50 day simple moving average of $37.88 and a two-hundred day simple moving average of $39.11. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.11 and a beta of 0.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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%. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date is Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is 172.90%.

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.