Envestnet Asset Management Inc. Raises Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Envestnet Asset Management Inc. grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 460,755 shares of the real estate investment trust’s stock after acquiring an additional 170,179 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Omega Healthcare Investors worth $17,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cohen & Steers Inc. lifted its stake in shares of Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock valued at $992,467,000 after purchasing an additional 8,837,218 shares during the period. Norges Bank acquired a new position in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $110,160,000. Vanguard Group Inc. increased its position in Omega Healthcare Investors by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock worth $1,440,646,000 after purchasing an additional 1,809,519 shares during the last quarter. Northern Trust Corp increased its position in Omega Healthcare Investors by 49.4% during the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust’s stock worth $123,951,000 after purchasing an additional 1,083,326 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Omega Healthcare Investors by 556.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,028,187 shares of the real estate investment trust’s stock worth $39,143,000 after purchasing an additional 871,472 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $41.00 in a research note on Monday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.25.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $37.81 on Friday. The stock has a market cap of $10.94 billion, a P/E ratio of 23.48, a PEG ratio of 2.62 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58. The company has a fifty day moving average price of $36.85 and a 200 day moving average price of $37.16. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. Analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.09%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 166.46%.

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.