Frank Rimerman Advisors LLC Increases Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Frank Rimerman Advisors LLC raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,173 shares of the real estate investment trust’s stock after buying an additional 2,660 shares during the period. Frank Rimerman Advisors LLC’s holdings in Omega Healthcare Investors were worth $650,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $26,000. Grove Bank & Trust bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $30,000. True Wealth Design LLC bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $31,000. Dunhill Financial LLC bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $31,000. Finally, Kentucky Trust Co bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Mizuho lifted their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and an average price target of $41.44.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $37.62 on Friday. The firm’s fifty day simple moving average is $37.03 and its two-hundred day simple moving average is $38.94. 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 12-month low of $29.66 and a 12-month high of $44.42. The firm has a market capitalization of $10.60 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Omega Healthcare Investors Company 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.