New York State Common Retirement Fund Increases Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

New York State Common Retirement Fund grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 190,782 shares of the real estate investment trust’s stock after acquiring an additional 3,000 shares during the period. New York State Common Retirement Fund owned about 0.07% of Omega Healthcare Investors worth $7,221,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at $26,000. Dunhill Financial LLC purchased a new position in Omega Healthcare Investors during the 3rd quarter valued at about $31,000. True Wealth Design LLC acquired a new position in Omega Healthcare Investors in the 3rd quarter valued at about $31,000. Grove Bank & Trust purchased a new stake in Omega Healthcare Investors during the fourth quarter worth about $30,000. Finally, Kentucky Trust Co acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $38,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on OHI. Royal Bank of Canada boosted their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Mizuho upped their target price 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. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 9th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $36.62 on Thursday. The firm has a market capitalization of $10.32 billion, a PE ratio of 23.62, a P/E/G ratio of 1.09 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. The firm’s 50-day simple moving average is $37.25 and its 200 day simple moving average is $39.03. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s payout ratio is currently 172.90%.

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.