NBC Securities Inc. Makes New $29,000 Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

NBC Securities Inc. bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 775 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Several other large investors have also added to or reduced their stakes in OHI. Tallon Kerry Patrick bought a new position in Omega Healthcare Investors in the 4th quarter worth about $1,250,000. Stonebridge Financial Group LLC bought a new position in Omega Healthcare Investors in the 4th quarter worth about $26,000. Louisiana State Employees Retirement System boosted its stake in Omega Healthcare Investors by 4.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 74,900 shares of the real estate investment trust’s stock worth $2,835,000 after purchasing an additional 3,400 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Omega Healthcare Investors by 4,637.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 156,715 shares of the real estate investment trust’s stock worth $5,935,000 after purchasing an additional 153,407 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Omega Healthcare Investors by 4.7% in the 4th quarter. Van ECK Associates Corp now owns 104,859 shares of the real estate investment trust’s stock worth $3,969,000 after purchasing an additional 4,714 shares during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI opened at $37.01 on Friday. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.09 and a beta of 0.69. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 1-year low of $31.89 and a 1-year high of $44.42. The stock’s 50-day moving average is $37.16 and its 200 day moving average is $37.49.

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 for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $228.38 million for the quarter, compared to analysts’ expectations of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Omega Healthcare Investors’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. On average, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.24%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 166.46%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, June 2nd. 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Hold” and an average price target of $41.88.

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.