Arizona State Retirement System Has $2.83 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Arizona State Retirement System lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 74,828 shares of the real estate investment trust’s stock after buying an additional 3,677 shares during the period. 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. US Bancorp DE increased its holdings in Omega Healthcare Investors by 6.3% in the third quarter. US Bancorp DE now owns 15,864 shares of the real estate investment trust’s stock worth $646,000 after purchasing an additional 937 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Omega Healthcare Investors by 141.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,609 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Omega Healthcare Investors by 1.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 31,493 shares of the real estate investment trust’s stock valued at $1,282,000 after acquiring an additional 526 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Omega Healthcare Investors during the third quarter worth $332,000. Finally, Portside Wealth Group LLC acquired a new stake in Omega Healthcare Investors in the third quarter worth $261,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $36.87 on Monday. The company has a market cap of $10.39 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. The business has a 50 day moving average price of $37.11 and a 200-day moving average price of $39.00.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.