Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 16.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,057 shares of the real estate investment trust’s stock after purchasing an additional 3,471 shares during the period. Simon Quick Advisors LLC’s holdings in Omega Healthcare Investors were worth $954,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OHI. Tallon Kerry Patrick purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter worth about $1,250,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Omega Healthcare Investors by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 292,381 shares of the real estate investment trust’s stock worth $11,067,000 after purchasing an additional 10,173 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors during the fourth quarter worth approximately $26,000. Portfolio Design Labs LLC purchased a new position in Omega Healthcare Investors during the fourth quarter worth approximately $226,000. Finally, Louisiana State Employees Retirement System boosted its position in Omega Healthcare Investors by 4.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 74,900 shares of the real estate investment trust’s stock worth $2,835,000 after purchasing an additional 3,400 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $36.99 on Friday. The company has a market cap of $10.70 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.69. The stock’s 50 day simple moving average is $37.15 and its 200-day simple moving average is $37.52. Omega Healthcare Investors, Inc. has a 1-year low of $31.73 and a 1-year high of $44.42. 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 released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. During the same quarter last year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.25%. Omega Healthcare Investors’s dividend payout ratio is presently 166.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their price target on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, June 2nd. Truist Financial increased their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Omega Healthcare Investors presently has an average rating of “Hold” and a consensus price target of $41.88.

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.