Adelante Capital Management LLC Purchases 177,007 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Adelante Capital Management LLC boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 67.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 438,626 shares of the real estate investment trust’s stock after purchasing an additional 177,007 shares during the quarter. Omega Healthcare Investors comprises about 1.1% of Adelante Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Adelante Capital Management LLC owned approximately 0.16% of Omega Healthcare Investors worth $16,602,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in Omega Healthcare Investors by 69.8% in the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust’s stock valued at $5,385,000 after purchasing an additional 58,482 shares during the period. Assetmark Inc. boosted its stake in Omega Healthcare Investors by 2.9% in the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock valued at $46,401,000 after purchasing an additional 34,463 shares during the period. Tallon Kerry Patrick bought a new stake in Omega Healthcare Investors in the 4th quarter valued at $1,250,000. JPMorgan Chase & Co. lifted its position in shares of Omega Healthcare Investors by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,995,825 shares of the real estate investment trust’s stock valued at $81,230,000 after acquiring an additional 103,010 shares during the period. Finally, Advisors Capital Management LLC grew its holdings in shares of Omega Healthcare Investors by 4.3% during the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust’s stock worth $28,836,000 after purchasing an additional 31,072 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $38.23 on Wednesday. The firm has a market capitalization of $10.98 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The firm has a fifty day simple moving average of $37.50 and a two-hundred day simple moving average of $38.40. 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 $30.26 and a 12 month high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.67 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.01%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 172.90%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $41.00 to $39.00 in a report on Thursday, March 27th. Finally, Truist Financial raised their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.00.

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.