Virtus Investment Advisers Inc. Invests $112,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Virtus Investment Advisers Inc. acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,971 shares of the real estate investment trust’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OHI. Stonebridge Financial Group LLC acquired a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $26,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors during the fourth quarter worth approximately $30,000. Kentucky Trust Co bought a new stake in Omega Healthcare Investors during the fourth quarter worth approximately $38,000. UMB Bank n.a. raised its holdings in Omega Healthcare Investors by 68.6% during the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 454 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Omega Healthcare Investors by 44.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 434 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $37.43 on Tuesday. The stock has a market capitalization of $10.83 billion, a P/E ratio of 24.15, a P/E/G ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a 1 year low of $30.56 and a 1 year high of $44.42. The business’s fifty day moving average is $37.45 and its two-hundred day moving average is $37.91. 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 Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) 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 company had revenue of $228.38 million for the quarter, compared to analysts’ expectations of $236.61 million. During the same quarter in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. On average, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 166.46%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OHI. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, Truist Financial boosted their target price on 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 given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.