New Mexico Educational Retirement Board boosted its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 80.1% during the fourth quarter, HoldingsChannel reports. The firm owned 48,800 shares of the real estate investment trust’s stock after purchasing an additional 21,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Omega Healthcare Investors were worth $1,344,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of OHI. Barnett & Company Inc. boosted its position in Omega Healthcare Investors by 1,980.0% during the third quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 4,950 shares in the last quarter. Mcmillion Capital Management Inc. purchased a new position in Omega Healthcare Investors during the third quarter worth approximately $201,000. Lourd Capital LLC purchased a new position in Omega Healthcare Investors during the fourth quarter worth approximately $202,000. Timber Hill LLC purchased a new position in Omega Healthcare Investors during the third quarter worth approximately $206,000. Finally, Good Life Advisors LLC purchased a new position in Omega Healthcare Investors during the third quarter worth approximately $209,000. Institutional investors own 71.90% of the company’s stock.
A number of brokerages have issued reports on OHI. Hilliard Lyons downgraded Omega Healthcare Investors to a “buy” rating in a research report on Wednesday, November 1st. ValuEngine upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Vetr downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.96 price target on the stock. in a research report on Monday, October 30th. Cantor Fitzgerald reiterated a “buy” rating and set a $34.00 price target on shares of Omega Healthcare Investors in a research report on Tuesday, February 13th. Finally, Zacks Investment Research downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.37.
In other news, Director Bernard J. Korman bought 100,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were acquired at an average price of $26.89 per share, for a total transaction of $2,689,000.00. Following the completion of the transaction, the director now directly owns 896,895 shares in the company, valued at approximately $24,117,506.55. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.54% of the company’s stock.
Omega Healthcare Investors Inc (NYSE OHI) opened at $26.45 on Wednesday. The firm has a market capitalization of $5,302.78, a P/E ratio of 8.08, a PEG ratio of 3.02 and a beta of 0.41. Omega Healthcare Investors Inc has a 1 year low of $24.90 and a 1 year high of $35.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.55 and a quick ratio of 3.40.
Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.18). The firm had revenue of $221.21 million during the quarter, compared to analysts’ expectations of $219.07 million. Omega Healthcare Investors had a net margin of 11.06% and a return on equity of 2.48%. sell-side analysts expect that Omega Healthcare Investors Inc will post 2.95 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend was Tuesday, January 30th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. Omega Healthcare Investors’s dividend payout ratio (DPR) is 528.01%.
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Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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