Wealthfront Advisers LLC Takes $1.10 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wealthfront Advisers LLC bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,176 shares of the real estate investment trust’s stock, valued at approximately $1,104,000.

A number of other hedge funds have also made changes to their positions in the business. GC Wealth Management RIA LLC raised its stake in shares of Omega Healthcare Investors by 84.0% in the 4th quarter. GC Wealth Management RIA LLC now owns 11,489 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 5,244 shares during the period. Johnson Investment Counsel Inc. raised its stake in shares of Omega Healthcare Investors by 2.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 295 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Omega Healthcare Investors by 22.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock valued at $183,205,000 after acquiring an additional 890,912 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Omega Healthcare Investors by 52.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 175,475 shares of the real estate investment trust’s stock valued at $6,642,000 after acquiring an additional 60,422 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Omega Healthcare Investors during the 4th quarter worth $409,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $37.62 on Friday. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The firm has a fifty day moving average of $37.03 and a two-hundred day moving average of $38.94. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The firm has a market cap 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 posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a $0.67 dividend. This represents a $2.68 annualized dividend 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%.

Wall Street Analysts Forecast Growth

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

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.