HighTower Advisors LLC Has $2.46 Million Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

HighTower Advisors LLC lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,860 shares of the real estate investment trust’s stock after buying an additional 11,286 shares during the quarter. HighTower Advisors LLC’s holdings in Omega Healthcare Investors were worth $2,455,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth approximately $26,000. Grove Bank & Trust bought a new position in Omega Healthcare Investors during the 4th quarter worth approximately $30,000. True Wealth Design LLC bought a new position in Omega Healthcare Investors during the 3rd quarter worth approximately $31,000. Dunhill Financial LLC bought a new position in Omega Healthcare Investors during the 3rd quarter worth approximately $31,000. Finally, Kentucky Trust Co bought a new position in Omega Healthcare Investors during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $37.40 on Friday. 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, Inc. has a twelve month low of $29.66 and a twelve month high of $44.42. The firm’s 50 day moving average price is $37.08 and its two-hundred day moving average price is $38.88. The firm has a market cap of $10.54 billion, a P/E ratio of 24.13, a PEG ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 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%. On average, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal 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 given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Analysts Set New Price Targets

Several research firms recently weighed in on OHI. Wells Fargo & Company reduced their price objective on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. Mizuho lifted their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.25.

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.