Sagespring Wealth Partners LLC Purchases New Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Sagespring Wealth Partners LLC acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,436 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC boosted its holdings in shares of 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 valued at $1,240,000 after acquiring an additional 4,576 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Omega Healthcare Investors in the third quarter worth approximately $332,000. World Investment Advisors LLC bought a new stake in Omega Healthcare Investors in the 3rd quarter worth approximately $220,000. Tidal Investments LLC raised its stake in Omega Healthcare Investors by 158.8% during the 3rd quarter. Tidal Investments LLC now owns 46,159 shares of the real estate investment trust’s stock valued at $1,879,000 after buying an additional 28,326 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Omega Healthcare Investors by 441.4% during the 3rd quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock valued at $17,177,000 after buying an additional 350,570 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OHI has been the subject of several research analyst reports. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Truist Financial raised their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Six 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.

Omega Healthcare Investors Trading Up 0.6 %

Omega Healthcare Investors stock opened at $38.54 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.09 and a beta of 0.75. The firm has a 50 day moving average of $37.19 and a 200 day moving average of $38.50. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data 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 net margin of 38.65% and a return on equity of 9.71%. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 172.90%.

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.