Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 39.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,698 shares of the real estate investment trust’s stock after acquiring an additional 1,612 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Omega Healthcare Investors were worth $217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its position in Omega Healthcare Investors by 69.8% during the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust’s stock worth $5,385,000 after acquiring an additional 58,482 shares in the last quarter. Assetmark Inc. lifted its position in Omega Healthcare Investors by 2.9% during the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock worth $46,401,000 after acquiring an additional 34,463 shares in the last quarter. Tallon Kerry Patrick acquired a new position in Omega Healthcare Investors during the 4th quarter worth approximately $1,250,000. Advisors Capital Management LLC lifted its position in 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 acquiring an additional 31,072 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its position in Omega Healthcare Investors by 4.2% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust’s stock worth $13,934,000 after acquiring an additional 14,883 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $37.41 on Friday. The business’s 50 day moving average is $37.20 and its two-hundred day moving average is $37.61. Omega Healthcare Investors, Inc. has a 52-week low of $31.43 and a 52-week high of $44.42. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.09 and a beta of 0.69. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.16%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors’s dividend payout ratio is currently 166.46%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Truist Financial upped their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company cut their target price on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, June 2nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.88.

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.