Fort L.P. Buys New Position in Omega Healthcare Investors Inc (OHI)
Fort L.P. bought a new stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,950 shares of the real estate investment trust’s stock, valued at approximately $69,000.
Several other large investors also recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new stake in Omega Healthcare Investors during the third quarter worth about $132,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Omega Healthcare Investors by 3.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 208,220 shares of the real estate investment trust’s stock worth $6,823,000 after acquiring an additional 6,418 shares during the period. JPMorgan Chase & Co. grew its holdings in Omega Healthcare Investors by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 1,132,923 shares of the real estate investment trust’s stock worth $37,126,000 after acquiring an additional 224,549 shares during the period. Prudential Financial Inc. grew its holdings in Omega Healthcare Investors by 23.3% during the third quarter. Prudential Financial Inc. now owns 650,417 shares of the real estate investment trust’s stock worth $21,314,000 after acquiring an additional 123,069 shares during the period. Finally, MML Investors Services LLC grew its holdings in Omega Healthcare Investors by 12.0% during the third quarter. MML Investors Services LLC now owns 36,496 shares of the real estate investment trust’s stock worth $1,196,000 after acquiring an additional 3,921 shares during the period. 68.46% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on OHI shares. Stifel Nicolaus increased their price target on Omega Healthcare Investors to $34.00 in a research report on Sunday, December 2nd. ValuEngine upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Zacks Investment Research downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Bank of America reiterated a “hold” rating on shares of Omega Healthcare Investors in a research report on Monday, November 19th. Finally, Mitsubishi UFJ Financial Group upgraded Omega Healthcare Investors from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $34.00 to $40.00 in a research report on Friday, January 4th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $35.80.
Shares of OHI stock opened at $36.37 on Friday. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 6.06 and a beta of 0.49. The company has a current ratio of 3.93, a quick ratio of 3.93 and a debt-to-equity ratio of 1.21. Omega Healthcare Investors Inc has a 12-month low of $25.14 and a 12-month high of $40.30.
Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Monday, February 11th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.43). The firm had revenue of $219.75 million during the quarter, compared to analysts’ expectations of $223.27 million. Omega Healthcare Investors had a net margin of 31.94% and a return on equity of 7.37%. On average, research analysts predict that Omega Healthcare Investors Inc will post 3.01 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $2.64 annualized dividend and a dividend yield of 7.26%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 86.84%.
Omega Healthcare Investors 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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