Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 50.8% in the fourth quarter, Holdings Channel reports. The firm owned 26,222,898 shares of the real estate investment trust’s stock after acquiring an additional 8,837,218 shares during the period. Omega Healthcare Investors accounts for approximately 1.9% of Cohen & Steers Inc.’s holdings, making the stock its 18th biggest position. Cohen & Steers Inc. owned about 0.10% of Omega Healthcare Investors worth $992,467,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Omega Healthcare Investors by 291.4% in the third quarter. Wellington Management Group LLP now owns 291,682 shares of the real estate investment trust’s stock valued at $11,871,000 after acquiring an additional 217,168 shares during the period. MML Investors Services LLC boosted its stake in Omega Healthcare Investors by 17.7% during the 3rd quarter. MML Investors Services LLC now owns 30,455 shares of the real estate investment trust’s stock worth $1,240,000 after purchasing an additional 4,576 shares during the period. M&T Bank Corp grew its holdings in shares of Omega Healthcare Investors by 1.2% during the third quarter. M&T Bank Corp now owns 29,784 shares of the real estate investment trust’s stock worth $1,212,000 after buying an additional 367 shares during the last quarter. Geode Capital Management LLC increased its position in Omega Healthcare Investors by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after acquiring an additional 192,465 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Omega Healthcare Investors during the 3rd quarter valued at approximately $332,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, Truist Financial raised their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.00.

Omega Healthcare Investors Trading Up 0.5 %

NYSE:OHI opened at $37.84 on Monday. The company has a market capitalization of $10.66 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a 52-week low of $29.66 and a 52-week high of $44.42. The stock has a fifty day simple moving average of $37.15 and a 200-day simple moving average of $38.53. 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 (NYSE:OHI) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating 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 expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is presently 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.