New York State Common Retirement Fund Purchases 11,900 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

New York State Common Retirement Fund grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,682 shares of the real estate investment trust’s stock after acquiring an additional 11,900 shares during the period. New York State Common Retirement Fund owned about 0.07% of Omega Healthcare Investors worth $7,718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of OHI. Mutual of America Capital Management LLC grew its holdings in shares of Omega Healthcare Investors by 1.7% during the first quarter. Mutual of America Capital Management LLC now owns 145,057 shares of the real estate investment trust’s stock valued at $5,524,000 after buying an additional 2,460 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Omega Healthcare Investors by 3.5% during the first quarter. Arizona State Retirement System now owns 77,432 shares of the real estate investment trust’s stock valued at $2,949,000 after buying an additional 2,604 shares during the last quarter. Xponance Inc. grew its holdings in shares of Omega Healthcare Investors by 2.1% during the first quarter. Xponance Inc. now owns 36,833 shares of the real estate investment trust’s stock valued at $1,403,000 after buying an additional 742 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Omega Healthcare Investors by 5.5% during the first quarter. State of Michigan Retirement System now owns 67,463 shares of the real estate investment trust’s stock valued at $2,569,000 after buying an additional 3,500 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in shares of Omega Healthcare Investors by 11.6% during the first quarter. New Mexico Educational Retirement Board now owns 58,574 shares of the real estate investment trust’s stock valued at $2,230,000 after buying an additional 6,100 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $41.00 in a report on Monday, July 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and an average price target of $42.25.

Omega Healthcare Investors Stock Up 0.3%

Shares of OHI stock opened at $37.93 on Friday. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.61 and a beta of 0.68. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42. The company’s fifty day moving average price is $36.89 and its 200-day moving average price is $37.16. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The company 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%. Omega Healthcare Investors’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. Sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed 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 was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.07%. Omega Healthcare Investors’s payout ratio is currently 166.46%.

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.