Northpointe Capital LLC raised its position in Omega Healthcare Investors Inc (NYSE:OHI) by 30.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,174 shares of the real estate investment trust’s stock after buying an additional 32,640 shares during the period. Omega Healthcare Investors accounts for 1.7% of Northpointe Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Northpointe Capital LLC owned 0.07% of Omega Healthcare Investors worth $5,386,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of OHI. Franklin Resources Inc. increased its stake in Omega Healthcare Investors by 74.6% in the 3rd quarter. Franklin Resources Inc. now owns 26,274 shares of the real estate investment trust’s stock valued at $861,000 after buying an additional 11,230 shares during the last quarter. Standard Life Aberdeen plc increased its stake in Omega Healthcare Investors by 783.1% in the 3rd quarter. Standard Life Aberdeen plc now owns 324,716 shares of the real estate investment trust’s stock valued at $10,640,000 after buying an additional 287,946 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Omega Healthcare Investors by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,132,923 shares of the real estate investment trust’s stock valued at $37,126,000 after buying an additional 224,549 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $18,889,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Omega Healthcare Investors by 4.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 332,033 shares of the real estate investment trust’s stock valued at $10,881,000 after acquiring an additional 14,513 shares during the period. Hedge funds and other institutional investors own 67.92% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Stifel Nicolaus downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research report on Thursday, February 7th. Scotiabank assumed coverage on shares of Omega Healthcare Investors in a research report on Thursday, February 7th. They set a “sector perform” rating and a $39.37 target price for the company. Finally, Mitsubishi UFJ Financial Group raised shares of Omega Healthcare Investors from a “neutral” rating to an “overweight” rating and increased their target price for the company from $34.00 to $40.00 in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Omega Healthcare Investors currently has an average rating of “Hold” and a consensus target price of $35.80.
Shares of Omega Healthcare Investors stock traded down $0.94 on Wednesday, reaching $35.14. 866,753 shares of the company traded hands, compared to its average volume of 1,448,996. Omega Healthcare Investors Inc has a 52 week low of $25.14 and a 52 week high of $40.30. The company has a market capitalization of $7.37 billion, a P/E ratio of 11.56, a P/E/G ratio of 4.85 and a beta of 0.50. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 1.21.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.43). The business had revenue of $219.75 million during the quarter, compared to the consensus estimate of $223.27 million. Omega Healthcare Investors had a return on equity of 7.37% and a net margin of 31.94%. Equities analysts expect that Omega Healthcare Investors Inc will post 2.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 86.84%.
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Omega Healthcare Investors Company Profile
Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.
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