Pathway Financial Advisers LLC Raises Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pathway Financial Advisers LLC lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 89,950 shares of the real estate investment trust’s stock after buying an additional 995 shares during the period. Omega Healthcare Investors makes up about 1.2% of Pathway Financial Advisers LLC’s portfolio, making the stock its 29th biggest holding. Pathway Financial Advisers LLC’s holdings in Omega Healthcare Investors were worth $3,425,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its position in Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock valued at $992,467,000 after purchasing an additional 8,837,218 shares during the period. Geode Capital Management LLC raised its holdings in shares of Omega Healthcare Investors by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust’s stock valued at $262,329,000 after buying an additional 503,190 shares during the period. Dimensional Fund Advisors LP lifted its position in Omega Healthcare Investors by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,892,553 shares of the real estate investment trust’s stock worth $147,331,000 after acquiring an additional 111,474 shares in the last quarter. Northern Trust Corp boosted its holdings in Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust’s stock worth $123,951,000 after acquiring an additional 1,083,326 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Omega Healthcare Investors by 6.4% in the first quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust’s stock valued at $118,930,000 after acquiring an additional 188,481 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $41.00 in a research report on Monday, July 14th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors presently has an average rating of “Hold” and a consensus target price of $42.25.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $39.94 on Friday. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.90. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $44.42. The business has a 50 day moving average price of $37.36 and a two-hundred day moving average price of $37.26. The firm has a market cap of $11.56 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.68 and a beta of 0.68.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 10.04% and a net margin of 42.23%. The company had revenue of $235.60 million during the quarter, compared to analysts’ expectations of $248.49 million. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.7%. Omega Healthcare Investors’s payout ratio is presently 165.43%.

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.