Axa S.A. Buys 40,706 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Axa S.A. grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 16.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,770 shares of the real estate investment trust’s stock after purchasing an additional 40,706 shares during the period. Axa S.A.’s holdings in Omega Healthcare Investors were worth $10,892,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OHI. Teacher Retirement System of Texas grew its holdings in Omega Healthcare Investors by 69.8% during the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust’s stock valued at $5,385,000 after buying an additional 58,482 shares in the last quarter. Assetmark Inc. boosted its position in shares of Omega Healthcare Investors by 2.9% during the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock valued at $46,401,000 after acquiring an additional 34,463 shares during the last quarter. Tallon Kerry Patrick purchased a new position in shares of Omega Healthcare Investors in the fourth quarter valued at $1,250,000. Advisors Capital Management LLC increased its position in Omega Healthcare Investors by 4.3% in the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust’s stock worth $28,836,000 after purchasing an additional 31,072 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. raised its stake in Omega Healthcare Investors by 4.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust’s stock valued at $13,934,000 after purchasing an additional 14,883 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Down 2.3 %

Shares of NYSE OHI opened at $36.17 on Tuesday. Omega Healthcare Investors, Inc. has a 1 year low of $30.48 and a 1 year high of $44.42. The firm has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $38.30. The company has a market cap of $10.39 billion, a P/E ratio of 23.34, a PEG ratio of 1.09 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Omega Healthcare Investors’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. Research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Monday, May 5th. Omega Healthcare Investors’s payout ratio is presently 166.46%.

Wall Street Analyst Weigh In

OHI has been the topic of a number of research reports. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their price objective 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 Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.00.

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.