Farringdon Capital Ltd. Makes New Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Farringdon Capital Ltd. purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, Holdings Channel reports. The fund purchased 6,412 shares of the real estate investment trust’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OHI. Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock worth $1,440,646,000 after acquiring an additional 1,809,519 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock worth $992,467,000 after buying an additional 8,837,218 shares during the period. Geode Capital Management LLC lifted its position in shares of Omega Healthcare Investors by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust’s stock valued at $262,329,000 after buying an additional 503,190 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Omega Healthcare Investors by 22.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock worth $183,205,000 after acquiring an additional 890,912 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Omega Healthcare Investors by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust’s stock worth $150,879,000 after purchasing an additional 155,924 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

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

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $38.54 on Friday. Omega Healthcare Investors, Inc. has a one year low of $29.66 and a one year high of $44.42. The firm has a market cap of $10.86 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The firm’s 50 day simple moving average is $37.24 and its 200-day simple moving average is $38.48. 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 posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current 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 6.95%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) 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.