GAMMA Investing LLC Acquires 170,098 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

GAMMA Investing LLC grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 4,248.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174,102 shares of the real estate investment trust’s stock after buying an additional 170,098 shares during the period. GAMMA Investing LLC owned 0.06% of Omega Healthcare Investors worth $6,630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in Omega Healthcare Investors by 69.8% in the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust’s stock worth $5,385,000 after purchasing an additional 58,482 shares during the period. Assetmark Inc. grew its position in Omega Healthcare Investors by 2.9% during the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock worth $46,401,000 after acquiring an additional 34,463 shares during the last quarter. Tallon Kerry Patrick bought a new stake in shares of Omega Healthcare Investors in the 4th quarter worth approximately $1,250,000. Advisors Capital Management LLC grew its position in shares of Omega Healthcare Investors by 4.3% in the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust’s stock worth $28,836,000 after buying an additional 31,072 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its position in shares of Omega Healthcare Investors by 4.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust’s stock worth $13,934,000 after buying an additional 14,883 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 1.8%

Shares of NYSE OHI opened at $36.77 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The business’s 50 day moving average price is $37.18 and its 200-day moving average price is $37.55. Omega Healthcare Investors, Inc. has a fifty-two week low of $31.43 and a fifty-two week high of $44.42. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.09 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The company had revenue of $228.38 million for the quarter, compared to analysts’ expectations of $236.61 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Omega Healthcare Investors’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.67 per share. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.29%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 166.46%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OHI shares. Truist Financial lifted their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Wells Fargo & Company decreased their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, June 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.88.

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.